Midsummer Balance Sheet Health
Financial Health criteria checks 2/6
Midsummer has a total shareholder equity of SEK110.0M and total debt of SEK235.0M, which brings its debt-to-equity ratio to 213.6%. Its total assets and total liabilities are SEK465.3M and SEK355.2M respectively.
Key information
213.6%
Debt to equity ratio
SEK 235.04m
Debt
| Interest coverage ratio | n/a |
| Cash | SEK 95.84m |
| Equity | SEK 110.05m |
| Total liabilities | SEK 355.22m |
| Total assets | SEK 465.26m |
Recent financial health updates
Is Midsummer (STO:MIDS) A Risky Investment?
Sep 04
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 10Here's Why Midsummer (STO:MIDS) Can Afford Some Debt
Nov 24
Recent updates
Is Midsummer (STO:MIDS) A Risky Investment?
Sep 04Would 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 (SEK192.2M) exceed its short term liabilities (SEK109.8M).
Long Term Liabilities: MIDS's short term assets (SEK192.2M) do not cover its long term liabilities (SEK245.4M).
Debt to Equity History and Analysis
Debt Level: MIDS's net debt to equity ratio (126.5%) is considered high.
Reducing Debt: MIDS's debt to equity ratio has increased from 147.2% to 213.6% 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 sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: Insufficient data to determine if MIDS has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.