Tryg Balance Sheet Health
Financial Health criteria checks 5/6
Tryg has a total shareholder equity of DKK40.0B and total debt of DKK6.5B, which brings its debt-to-equity ratio to 16.3%. Its total assets and total liabilities are DKK106.9B and DKK66.9B respectively. Tryg's EBIT is DKK7.1B making its interest coverage ratio 17.7. It has cash and short-term investments of DKK1.9B.
Key information
16.3%
Debt to equity ratio
DKK 6.51b
Debt
| Interest coverage ratio | 17.7x |
| Cash | DKK 1.88b |
| Equity | DKK 39.96b |
| Total liabilities | DKK 66.90b |
| Total assets | DKK 106.86b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TRYG's short term assets (DKK8.1B) exceed its short term liabilities (DKK4.9B).
Long Term Liabilities: TRYG's short term assets (DKK8.1B) do not cover its long term liabilities (DKK62.0B).
Debt to Equity History and Analysis
Debt Level: TRYG's net debt to equity ratio (11.6%) is considered satisfactory.
Reducing Debt: TRYG's debt to equity ratio has reduced from 40.5% to 16.3% over the past 5 years.
Debt Coverage: TRYG's debt is well covered by operating cash flow (50.7%).
Interest Coverage: TRYG's interest payments on its debt are well covered by EBIT (17.7x coverage).