Promimic Balance Sheet Health

Financial Health criteria checks 6/6

Promimic has a total shareholder equity of SEK69.6M and total debt of SEK0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are SEK79.2M and SEK9.6M respectively.

Key information

0%

Debt to equity ratio

SEK 0

Debt

Interest coverage ration/a
CashSEK 35.61m
EquitySEK 69.58m
Total liabilitiesSEK 9.59m
Total assetsSEK 79.17m

Recent financial health updates

Recent updates

We're Not Very Worried About Promimic's (STO:PRO) Cash Burn Rate

Oct 24
We're Not Very Worried About Promimic's (STO:PRO) Cash Burn Rate

Here's Why We're Not Too Worried About Promimic's (STO:PRO) Cash Burn Situation

Oct 31
Here's Why We're Not Too Worried About Promimic's (STO:PRO) Cash Burn Situation

We're Hopeful That Promimic (STO:PRO) Will Use Its Cash Wisely

Apr 27
We're Hopeful That Promimic (STO:PRO) Will Use Its Cash Wisely

Financial Position Analysis

Short Term Liabilities: PRO's short term assets (SEK47.7M) exceed its short term liabilities (SEK9.6M).

Long Term Liabilities: PRO has no long term liabilities.


Debt to Equity History and Analysis

Debt Level: PRO is debt free.

Reducing Debt: PRO had no debt 5 years ago.


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: PRO has sufficient cash runway for more than a year based on its current free cash flow.

Forecast Cash Runway: PRO has sufficient cash runway for 1.6 years if free cash flow continues to reduce at historical rates of 6.4% each year.


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