Nitro Games Oyj Balance Sheet Health
Financial Health criteria checks 4/6
Nitro Games Oyj has a total shareholder equity of €1.7M and total debt of €2.5M, which brings its debt-to-equity ratio to 151.1%. Its total assets and total liabilities are €10.7M and €9.0M respectively.
Key information
151.1%
Debt to equity ratio
€2.55m
Debt
| Interest coverage ratio | n/a |
| Cash | €3.83m |
| Equity | €1.69m |
| Total liabilities | €8.98m |
| Total assets | €10.67m |
Recent financial health updates
We Think Nitro Games Oyj (STO:NITRO) Has A Fair Chunk Of Debt
Feb 07
Is Nitro Games Oyj (STO:NITRO) Using Too Much Debt?
Apr 09Nitro Games Oyj (STO:NITRO) Is Carrying A Fair Bit Of Debt
Dec 28Is Nitro Games Oyj (STO:NITRO) Using Too Much Debt?
Jul 26Is Nitro Games Oyj (STO:NITRO) Using Debt In A Risky Way?
Mar 22Is Nitro Games Oyj (STO:NITRO) Using Too Much Debt?
Dec 06Recent updates
We Think Nitro Games Oyj (STO:NITRO) Has A Fair Chunk Of Debt
Feb 07Is Nitro Games Oyj (STO:NITRO) Using Too Much Debt?
Apr 09Nitro Games Oyj (STO:NITRO) Is Carrying A Fair Bit Of Debt
Dec 28Is Nitro Games Oyj (STO:NITRO) Using Too Much Debt?
Jul 26Is Nitro Games Oyj (STO:NITRO) Using Debt In A Risky Way?
Mar 22Is Nitro Games Oyj (STO:NITRO) Using Too Much Debt?
Dec 06Nitro Games Oyj (STO:NITRO) Has Debt But No Earnings; Should You Worry?
Aug 17Nitro Games Oyj (STO:NITRO) Is Making Moderate Use Of Debt
Mar 24Does Nitro Games Oyj (STO:NITRO) Have A Healthy Balance Sheet?
Dec 09Financial Position Analysis
Short Term Liabilities: NITRO's short term assets (€5.0M) do not cover its short term liabilities (€6.9M).
Long Term Liabilities: NITRO's short term assets (€5.0M) exceed its long term liabilities (€2.1M).
Debt to Equity History and Analysis
Debt Level: NITRO has more cash than its total debt.
Reducing Debt: NITRO's debt to equity ratio has increased from 5.8% to 151.1% 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: NITRO has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: NITRO has sufficient cash runway for 1.5 years if free cash flow continues to grow at historical rates of 1.4% each year.