Westpay Balance Sheet Health
Financial Health criteria checks 1/6
Westpay has a total shareholder equity of SEK3.1M and total debt of SEK6.2M, which brings its debt-to-equity ratio to 197.6%. Its total assets and total liabilities are SEK53.1M and SEK49.9M respectively.
Key information
197.6%
Debt to equity ratio
kr6.22m
Debt
Interest coverage ratio | n/a |
Cash | kr143.00k |
Equity | kr3.15m |
Total liabilities | kr49.93m |
Total assets | kr53.08m |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: WPAY's short term assets (SEK25.4M) do not cover its short term liabilities (SEK42.0M).
Long Term Liabilities: WPAY's short term assets (SEK25.4M) exceed its long term liabilities (SEK7.9M).
Debt to Equity History and Analysis
Debt Level: WPAY's net debt to equity ratio (193.1%) is considered high.
Reducing Debt: WPAY's debt to equity ratio has increased from 0% to 197.6% 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: WPAY has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: WPAY has less than a year of cash runway if free cash flow continues to reduce at historical rates of 13.8% each year