Nordic Iron Ore Balance Sheet Health
Financial Health criteria checks 2/6
Nordic Iron Ore has a total shareholder equity of SEK129.1M and total debt of SEK41.2M, which brings its debt-to-equity ratio to 31.9%. Its total assets and total liabilities are SEK172.1M and SEK43.0M respectively.
Key information
31.9%
Debt to equity ratio
kr41.16m
Debt
Interest coverage ratio | n/a |
Cash | kr2.20m |
Equity | kr129.09m |
Total liabilities | kr43.00m |
Total assets | kr172.09m |
Financial Position Analysis
Short Term Liabilities: NIO's short term assets (SEK3.2M) do not cover its short term liabilities (SEK41.2M).
Long Term Liabilities: NIO's short term assets (SEK3.2M) exceed its long term liabilities (SEK1.8M).
Debt to Equity History and Analysis
Debt Level: NIO's net debt to equity ratio (30.2%) is considered satisfactory.
Reducing Debt: NIO's debt to equity ratio has increased from 8.1% to 31.9% 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 13.4% each year.