NIBE Industrier Balance Sheet Health
Financial Health criteria checks 3/6
NIBE Industrier has a total shareholder equity of SEK30.8B and total debt of SEK23.3B, which brings its debt-to-equity ratio to 75.6%. Its total assets and total liabilities are SEK69.4B and SEK38.5B respectively. NIBE Industrier's EBIT is SEK4.2B making its interest coverage ratio 4.3. It has cash and short-term investments of SEK3.8B.
Key information
75.6%
Debt to equity ratio
kr23.32b
Debt
Interest coverage ratio | 4.3x |
Cash | kr3.84b |
Equity | kr30.83b |
Total liabilities | kr38.55b |
Total assets | kr69.38b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: NJB's short term assets (SEK23.7B) exceed its short term liabilities (SEK15.6B).
Long Term Liabilities: NJB's short term assets (SEK23.7B) exceed its long term liabilities (SEK23.0B).
Debt to Equity History and Analysis
Debt Level: NJB's net debt to equity ratio (63.2%) is considered high.
Reducing Debt: NJB's debt to equity ratio has increased from 62.2% to 75.6% over the past 5 years.
Debt Coverage: NJB's debt is not well covered by operating cash flow (13.6%).
Interest Coverage: NJB's interest payments on its debt are well covered by EBIT (4.3x coverage).