NIBE Industrier Balance Sheet Health
Financial Health criteria checks 2/6
NIBE Industrier has a total shareholder equity of SEK32.1B and total debt of SEK21.9B, which brings its debt-to-equity ratio to 68.2%. Its total assets and total liabilities are SEK70.4B and SEK38.3B respectively. NIBE Industrier's EBIT is SEK1.8B making its interest coverage ratio 1.6. It has cash and short-term investments of SEK5.6B.
Key information
68.2%
Debt to equity ratio
SEK 21.92b
Debt
| Interest coverage ratio | 1.6x |
| Cash | SEK 5.61b |
| Equity | SEK 32.14b |
| Total liabilities | SEK 38.27b |
| Total assets | SEK 70.41b |
Recent financial health updates
No updates
Recent updates
NIBE Industrier Will Ride the Green Energy Subsidy Wave
Mar 20✅ Heat Pump Market Growth – The global heat pump industry is growing at 10%+ CAGR, driven by electrification and decarbonization efforts.
Expanding Into North America And Sector Recovery Pave The Way For Profitability Growth
Nov 20 Positive 2025 outcomes are expected from NIBE's action program, with improved margins and profitability, aided by stabilized inventory levels.Financial Position Analysis
Short Term Liabilities: NIBE B's short term assets (SEK23.4B) exceed its short term liabilities (SEK15.7B).
Long Term Liabilities: NIBE B's short term assets (SEK23.4B) exceed its long term liabilities (SEK22.6B).
Debt to Equity History and Analysis
Debt Level: NIBE B's net debt to equity ratio (50.8%) is considered high.
Reducing Debt: NIBE B's debt to equity ratio has increased from 51.4% to 68.2% over the past 5 years.
Debt Coverage: NIBE B's debt is not well covered by operating cash flow (18.3%).
Interest Coverage: NIBE B's interest payments on its debt are not well covered by EBIT (1.6x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/04/27 19:22 |
| End of Day Share Price | 2025/04/25 00:00 |
| Earnings | 2024/12/31 |
| Annual Earnings | 2024/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
NIBE Industrier AB (publ) is covered by 23 analysts. 11 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Emmi Östlund | ABG Sundal Collier |
| null null | ABG Sundal Collier |
| James Winchester | Barclays |