Netel Holding Balance Sheet Health
Financial Health criteria checks 2/6
Netel Holding has a total shareholder equity of SEK1.1B and total debt of SEK1.0B, which brings its debt-to-equity ratio to 87.5%. Its total assets and total liabilities are SEK3.0B and SEK1.9B respectively. Netel Holding's EBIT is SEK142.0M making its interest coverage ratio 2.3. It has cash and short-term investments of SEK249.0M.
Key information
87.5%
Debt to equity ratio
SEK 1.01b
Debt
| Interest coverage ratio | 2.3x |
| Cash | SEK 249.00m |
| Equity | SEK 1.15b |
| Total liabilities | SEK 1.89b |
| Total assets | SEK 3.04b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 2CR's short term assets (SEK1.4B) exceed its short term liabilities (SEK839.0M).
Long Term Liabilities: 2CR's short term assets (SEK1.4B) exceed its long term liabilities (SEK1.0B).
Debt to Equity History and Analysis
Debt Level: 2CR's net debt to equity ratio (65.8%) is considered high.
Reducing Debt: Insufficient data to determine if 2CR's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: 2CR's debt is not well covered by operating cash flow (19.8%).
Interest Coverage: 2CR's interest payments on its debt are not well covered by EBIT (2.3x coverage).