Mofast Balance Sheet Health
Financial Health criteria checks 2/6
Mofast has a total shareholder equity of SEK1.2B and total debt of SEK1.8B, which brings its debt-to-equity ratio to 147.1%. Its total assets and total liabilities are SEK3.2B and SEK2.0B respectively. Mofast's EBIT is SEK109.4M making its interest coverage ratio 1.1. It has cash and short-term investments of SEK38.5M.
Key information
147.1%
Debt to equity ratio
SEK 1.81b
Debt
| Interest coverage ratio | 1.1x |
| Cash | SEK 38.54m |
| Equity | SEK 1.23b |
| Total liabilities | SEK 1.99b |
| Total assets | SEK 3.22b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: MOFAST's short term assets (SEK99.2M) do not cover its short term liabilities (SEK464.8M).
Long Term Liabilities: MOFAST's short term assets (SEK99.2M) do not cover its long term liabilities (SEK1.5B).
Debt to Equity History and Analysis
Debt Level: MOFAST's net debt to equity ratio (144%) is considered high.
Reducing Debt: Insufficient data to determine if MOFAST's debt to equity ratio has reduced 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: Whilst unprofitable MOFAST has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: MOFAST is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 18% per year.