Magnasense Balance Sheet Health
Financial Health criteria checks 0/6
Magnasense has a total shareholder equity of SEK-11.5M and total debt of SEK35.0M, which brings its debt-to-equity ratio to -305.1%. Its total assets and total liabilities are SEK47.9M and SEK59.3M respectively.
Key information
-305.1%
Debt to equity ratio
SEK 35.02m
Debt
| Interest coverage ratio | n/a |
| Cash | SEK 2.36m |
| Equity | -SEK 11.48m |
| Total liabilities | SEK 59.35m |
| Total assets | SEK 47.87m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MAGNA has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: MAGNA has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.
Debt to Equity History and Analysis
Debt Level: MAGNA has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: MAGNA's has negative shareholder equity, so we do not need to check if its debt has reduced over time.
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: MAGNA has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: MAGNA has less than a year of cash runway if free cash flow continues to reduce at historical rates of 0.7% each year