Elon Balance Sheet Health
Financial Health criteria checks 4/6
Elon has a total shareholder equity of SEK544.8M and total debt of SEK235.9M, which brings its debt-to-equity ratio to 43.3%. Its total assets and total liabilities are SEK2.0B and SEK1.5B respectively. Elon's EBIT is SEK13.2M making its interest coverage ratio 1.8. It has cash and short-term investments of SEK42.0M.
Key information
43.3%
Debt to equity ratio
SEK 235.90m
Debt
Interest coverage ratio | 1.8x |
Cash | SEK 42.00m |
Equity | SEK 544.80m |
Total liabilities | SEK 1.49b |
Total assets | SEK 2.04b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ELON's short term assets (SEK1.5B) exceed its short term liabilities (SEK1.2B).
Long Term Liabilities: ELON's short term assets (SEK1.5B) exceed its long term liabilities (SEK300.7M).
Debt to Equity History and Analysis
Debt Level: ELON's net debt to equity ratio (35.6%) is considered satisfactory.
Reducing Debt: Insufficient data to determine if ELON'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: ELON has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: Insufficient data to determine if ELON has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.