Cdon AB

Cdon AB's capital structure is characterized by a debt-to-equity ratio of 0.0, indicating no long-term debt obligations, and a current ratio of 0.97, suggesting limited short-term liquidity cushion [doc:CDONAB.ST-2023-annual-report]. Free cash flow of 3.9 million SEK contrasts with negative operating cash flow of -5.8 million SEK, highlighting operational inefficiencies despite capital expenditures of -24.9 million SEK [doc:CDONAB.ST-2023-annual-report]. Profitability metrics show a return on equity of -10.13% and return on assets of -7.08%, both significantly below the industry median for profitability and returns, as defined by the industry_config preferred metrics [doc:CDONAB.ST-2023-annual-report]. The company's operating income of -54.4 million SEK and net income of -56.8 million SEK underscore its current unprofitability [doc:CDONAB.ST-2023-annual-report]. The company's revenue is split between its core CDON Marketplace segment and the complementary CDON Retail segment. While the marketplace drives the majority of sales through third-party sellers, the retail segment contributes through direct sales and dropshipment. However, the input data does not provide specific revenue concentration figures for either segment or geography [doc:CDONAB.ST-2023-annual-report]. Growth trajectory is uncertain, with no numeric deltas provided in the outlook for the current or next fiscal year. The company's revenue of 444 million SEK in the latest period does not include year-over-year growth rates or forward-looking guidance [doc:CDONAB.ST-2023-annual-report]. Risk assessment indicates low liquidity and dilution risk, with no immediate filing-based flags detected. The absence of long-term debt and the low dilution potential suggest limited financial leverage and equity dilution pressure [doc:CDONAB.ST-2023-annual-report]. Recent events include the publication of the 2023 annual report, which outlines the company's financial performance and strategic direction. No significant regulatory or geopolitical events are disclosed in the input data that would impact the company's operations [doc:CDONAB.ST-2023-annual-report].