Obducat Balance Sheet Health
Financial Health criteria checks 3/6
Obducat has a total shareholder equity of SEK6.0M and total debt of SEK24.8M, which brings its debt-to-equity ratio to 415.1%. Its total assets and total liabilities are SEK104.6M and SEK98.6M respectively. Obducat's EBIT is SEK6.7M making its interest coverage ratio 0.8. It has cash and short-term investments of SEK1.3M.
Key information
415.1%
Debt to equity ratio
SEK 24.84m
Debt
| Interest coverage ratio | 0.8x |
| Cash | SEK 1.32m |
| Equity | SEK 5.98m |
| Total liabilities | SEK 98.65m |
| Total assets | SEK 104.63m |
Financial Position Analysis
Short Term Liabilities: OBDU B's short term assets (SEK59.4M) do not cover its short term liabilities (SEK96.1M).
Long Term Liabilities: OBDU B's short term assets (SEK59.4M) exceed its long term liabilities (SEK2.5M).
Debt to Equity History and Analysis
Debt Level: OBDU B's net debt to equity ratio (393%) is considered high.
Reducing Debt: OBDU B's debt to equity ratio has increased from 23% to 415.1% 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 OBDU B has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: OBDU B is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 19.5% per year.