Nord Insuretech Group Balance Sheet Health
Financial Health criteria checks 2/6
Nord Insuretech Group has a total shareholder equity of SEK6.1M and total debt of SEK54.7M, which brings its debt-to-equity ratio to 891.3%. Its total assets and total liabilities are SEK78.8M and SEK72.6M respectively.
Key information
891.3%
Debt to equity ratio
SEK 54.69m
Debt
| Interest coverage ratio | n/a |
| Cash | SEK 10.64m |
| Equity | SEK 6.14m |
| Total liabilities | SEK 72.63m |
| Total assets | SEK 78.77m |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: NORDIG's short term assets (SEK12.0M) do not cover its short term liabilities (SEK69.9M).
Long Term Liabilities: NORDIG's short term assets (SEK12.0M) exceed its long term liabilities (SEK2.7M).
Debt to Equity History and Analysis
Debt Level: NORDIG's net debt to equity ratio (717.9%) is considered high.
Reducing Debt: NORDIG's debt to equity ratio has reduced from 2898.3% to 891.3% 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: Insufficient data to determine if NORDIG has enough cash runway based on its current free cash flow.
Forecast Cash Runway: Insufficient data to determine if NORDIG has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.