TH1NG Balance Sheet Health
Financial Health criteria checks 1/6
TH1NG has a total shareholder equity of SEK2.0M and total debt of SEK5.9M, which brings its debt-to-equity ratio to 301.9%. Its total assets and total liabilities are SEK30.3M and SEK28.3M respectively.
Key information
301.9%
Debt to equity ratio
kr5.95m
Debt
Interest coverage ratio | n/a |
Cash | kr5.04m |
Equity | kr1.97m |
Total liabilities | kr28.31m |
Total assets | kr30.28m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TH1NG's short term assets (SEK10.4M) do not cover its short term liabilities (SEK21.4M).
Long Term Liabilities: TH1NG's short term assets (SEK10.4M) exceed its long term liabilities (SEK6.9M).
Debt to Equity History and Analysis
Debt Level: TH1NG's net debt to equity ratio (45.9%) is considered high.
Reducing Debt: TH1NG's debt to equity ratio has increased from 0% to 301.9% 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: TH1NG has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: TH1NG has less than a year of cash runway if free cash flow continues to reduce at historical rates of 25.4% each year