Midsummer Balance Sheet Health
Financial Health criteria checks 1/6
Midsummer has a total shareholder equity of SEK187.4M and total debt of SEK215.2M, which brings its debt-to-equity ratio to 114.8%. Its total assets and total liabilities are SEK503.3M and SEK315.9M respectively.
Key information
114.8%
Debt to equity ratio
kr215.22m
Debt
| Interest coverage ratio | n/a |
| Cash | kr13.71m |
| Equity | kr187.40m |
| Total liabilities | kr315.86m |
| Total assets | kr503.26m |
Recent financial health updates
Would Midsummer (STO:MIDS) Be Better Off With Less Debt?
Aug 24
Does Midsummer (STO:MIDS) Have A Healthy Balance Sheet?
May 10Is Midsummer (STO:MIDS) A Risky Investment?
Dec 07Is Midsummer (STO:MIDS) Using Debt In A Risky Way?
Mar 10Here's Why Midsummer (STO:MIDS) Can Afford Some Debt
Nov 24
Recent updates
Would Midsummer (STO:MIDS) Be Better Off With Less Debt?
Aug 24Does Midsummer (STO:MIDS) Have A Healthy Balance Sheet?
May 10Is Midsummer (STO:MIDS) A Risky Investment?
Dec 07Is Midsummer (STO:MIDS) Using Debt In A Risky Way?
Mar 10Midsummer's(STO:MIDS) Share Price Is Down 51% Over The Past Year.
Jan 16Here's Why Midsummer (STO:MIDS) Can Afford Some Debt
Nov 24Financial Position Analysis
Short Term Liabilities: MIDS's short term assets (SEK219.3M) exceed its short term liabilities (SEK94.8M).
Long Term Liabilities: MIDS's short term assets (SEK219.3M) do not cover its long term liabilities (SEK221.1M).
Debt to Equity History and Analysis
Debt Level: MIDS's net debt to equity ratio (107.5%) is considered high.
Reducing Debt: MIDS's debt to equity ratio has increased from 5.7% to 114.8% 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: MIDS has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: MIDS has less than a year of cash runway if free cash flow continues to reduce at historical rates of 8.7% each year