Momentum Group Balance Sheet Health
Financial Health criteria checks 5/6
Momentum Group has a total shareholder equity of SEK706.0M and total debt of SEK338.0M, which brings its debt-to-equity ratio to 47.9%. Its total assets and total liabilities are SEK1.9B and SEK1.2B respectively. Momentum Group's EBIT is SEK248.0M making its interest coverage ratio 9.2. It has cash and short-term investments of SEK45.0M.
Key information
47.9%
Debt to equity ratio
SEK 338.00m
Debt
Interest coverage ratio | 9.2x |
Cash | SEK 45.00m |
Equity | SEK 706.00m |
Total liabilities | SEK 1.21b |
Total assets | SEK 1.91b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: X64's short term assets (SEK894.0M) exceed its short term liabilities (SEK574.0M).
Long Term Liabilities: X64's short term assets (SEK894.0M) exceed its long term liabilities (SEK634.0M).
Debt to Equity History and Analysis
Debt Level: X64's net debt to equity ratio (41.5%) is considered high.
Reducing Debt: X64's debt to equity ratio has reduced from 98.6% to 47.9% over the past 5 years.
Debt Coverage: X64's debt is well covered by operating cash flow (77.8%).
Interest Coverage: X64's interest payments on its debt are well covered by EBIT (9.2x coverage).