Nordic Iron Ore Balance Sheet Health
Financial Health criteria checks 1/6
Nordic Iron Ore has a total shareholder equity of SEK132.1M and total debt of SEK36.5M, which brings its debt-to-equity ratio to 27.7%. Its total assets and total liabilities are SEK170.5M and SEK38.4M respectively.
Key information
27.7%
Debt to equity ratio
kr36.54m
Debt
Interest coverage ratio | n/a |
Cash | kr866.00k |
Equity | kr132.14m |
Total liabilities | kr38.38m |
Total assets | kr170.51m |
Financial Position Analysis
Short Term Liabilities: NIO's short term assets (SEK1.8M) do not cover its short term liabilities (SEK36.5M).
Long Term Liabilities: NIO's short term assets (SEK1.8M) do not cover its long term liabilities (SEK1.8M).
Debt to Equity History and Analysis
Debt Level: NIO's net debt to equity ratio (27%) is considered satisfactory.
Reducing Debt: NIO's debt to equity ratio has increased from 5.4% to 27.7% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: NIO has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: NIO has less than a year of cash runway if free cash flow continues to grow at historical rates of 12.2% each year.