NIBE Industrier Balance Sheet Health
Financial Health criteria checks 2/6
NIBE Industrier has a total shareholder equity of SEK29.3B and total debt of SEK25.6B, which brings its debt-to-equity ratio to 87.2%. Its total assets and total liabilities are SEK68.6B and SEK39.2B respectively. NIBE Industrier's EBIT is SEK2.1B making its interest coverage ratio 1.8. It has cash and short-term investments of SEK4.5B.
Key information
87.2%
Debt to equity ratio
SEK 25.58b
Debt
| Interest coverage ratio | 1.8x |
| Cash | SEK 4.49b |
| Equity | SEK 29.32b |
| Total liabilities | SEK 39.24b |
| Total assets | SEK 68.56b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: NJB0's short term assets (SEK23.4B) exceed its short term liabilities (SEK16.3B).
Long Term Liabilities: NJB0's short term assets (SEK23.4B) exceed its long term liabilities (SEK22.9B).
Debt to Equity History and Analysis
Debt Level: NJB0's net debt to equity ratio (71.9%) is considered high.
Reducing Debt: NJB0's debt to equity ratio has increased from 60.2% to 87.2% over the past 5 years.
Debt Coverage: NJB0's debt is not well covered by operating cash flow (14.8%).
Interest Coverage: NJB0's interest payments on its debt are not well covered by EBIT (1.8x coverage).