Codere Online Luxembourg Balance Sheet Health
Financial Health criteria checks 3/6
Codere Online Luxembourg has a total shareholder equity of €21.6M and total debt of €2.4M, which brings its debt-to-equity ratio to 11.1%. Its total assets and total liabilities are €65.1M and €43.4M respectively.
Key information
11.1%
Debt to equity ratio
€2.39m
Debt
| Interest coverage ratio | n/a |
| Cash | €45.38m |
| Equity | €21.65m |
| Total liabilities | €43.45m |
| Total assets | €65.09m |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: CDRO's short term assets (€63.8M) exceed its short term liabilities (€42.5M).
Long Term Liabilities: CDRO's short term assets (€63.8M) exceed its long term liabilities (€966.0K).
Debt to Equity History and Analysis
Debt Level: CDRO has more cash than its total debt.
Reducing Debt: Insufficient data to determine if CDRO's debt to equity ratio has reduced 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 CDRO has enough cash runway based on its current free cash flow.
Forecast Cash Runway: Insufficient data to determine if CDRO has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.