Refine Group Balance Sheet Health
Financial Health criteria checks 4/6
Refine Group has a total shareholder equity of SEK203.7M and total debt of SEK81.3M, which brings its debt-to-equity ratio to 39.9%. Its total assets and total liabilities are SEK398.5M and SEK194.8M respectively.
Key information
39.9%
Debt to equity ratio
SEK 81.33m
Debt
| Interest coverage ratio | n/a |
| Cash | SEK 23.56m |
| Equity | SEK 203.72m |
| Total liabilities | SEK 194.77m |
| Total assets | SEK 398.49m |
Financial Position Analysis
Short Term Liabilities: REFINE's short term assets (SEK89.6M) do not cover its short term liabilities (SEK163.2M).
Long Term Liabilities: REFINE's short term assets (SEK89.6M) exceed its long term liabilities (SEK31.6M).
Debt to Equity History and Analysis
Debt Level: REFINE's net debt to equity ratio (28.4%) is considered satisfactory.
Reducing Debt: Insufficient data to determine if REFINE'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 REFINE has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: REFINE is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 142.5% per year.