Nitro Games Oyj Balance Sheet Health
Financial Health criteria checks 5/6
Nitro Games Oyj has a total shareholder equity of €2.4M and total debt of €2.5M, which brings its debt-to-equity ratio to 103.5%. Its total assets and total liabilities are €7.9M and €5.5M respectively. Nitro Games Oyj's EBIT is €987.4K making its interest coverage ratio 5.2. It has cash and short-term investments of €2.1M.
Key information
103.5%
Debt to equity ratio
€2.50m
Debt
| Interest coverage ratio | 5.2x |
| Cash | €2.15m |
| Equity | €2.42m |
| Total liabilities | €5.53m |
| Total assets | €7.94m |
Recent financial health updates
Is Nitro Games Oyj (STO:NITRO) A Risky Investment?
Oct 27
Health Check: How Prudently Does Nitro Games Oyj (STO:NITRO) Use Debt?
Jul 03We 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 26Recent updates
When Should You Buy Nitro Games Oyj (STO:NITRO)?
Nov 28Is Nitro Games Oyj (STO:NITRO) A Risky Investment?
Oct 27Positive Sentiment Still Eludes Nitro Games Oyj (STO:NITRO) Following 36% Share Price Slump
Sep 18Health Check: How Prudently Does Nitro Games Oyj (STO:NITRO) Use Debt?
Jul 03We 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 (€3.4M) exceed its short term liabilities (€3.0M).
Long Term Liabilities: NITRO's short term assets (€3.4M) exceed its long term liabilities (€2.6M).
Debt to Equity History and Analysis
Debt Level: NITRO's net debt to equity ratio (14.6%) is considered satisfactory.
Reducing Debt: NITRO's debt to equity ratio has increased from 50.3% to 103.5% over the past 5 years.
Debt Coverage: NITRO's debt is well covered by operating cash flow (108.1%).
Interest Coverage: NITRO's interest payments on its debt are well covered by EBIT (5.2x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/23 09:12 |
| End of Day Share Price | 2024/12/23 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Nitro Games Oyj is covered by 2 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Danesh Zare | Redeye |
| Anton Hoof | Redeye |