Freja eID Group Balance Sheet Health
Financial Health criteria checks 1/6
Freja eID Group has a total shareholder equity of SEK13.8M and total debt of SEK14.4M, which brings its debt-to-equity ratio to 104.5%. Its total assets and total liabilities are SEK62.4M and SEK48.6M respectively.
Key information
104.5%
Debt to equity ratio
kr14.42m
Debt
Interest coverage ratio | n/a |
Cash | kr5.44m |
Equity | kr13.80m |
Total liabilities | kr48.62m |
Total assets | kr62.42m |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: FREJA's short term assets (SEK26.1M) do not cover its short term liabilities (SEK42.4M).
Long Term Liabilities: FREJA's short term assets (SEK26.1M) exceed its long term liabilities (SEK6.2M).
Debt to Equity History and Analysis
Debt Level: FREJA's net debt to equity ratio (65%) is considered high.
Reducing Debt: FREJA's debt to equity ratio has increased from 0% to 104.5% 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: FREJA has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: FREJA has less than a year of cash runway if free cash flow continues to reduce at historical rates of 3.6% each year