Momentum Group Balance Sheet Health
Financial Health criteria checks 5/6
Momentum Group has a total shareholder equity of SEK744.0M and total debt of SEK399.0M, which brings its debt-to-equity ratio to 53.6%. Its total assets and total liabilities are SEK2.1B and SEK1.3B respectively. Momentum Group's EBIT is SEK285.0M making its interest coverage ratio 8.9. It has cash and short-term investments of SEK65.0M.
Key information
53.6%
Debt to equity ratio
SEK 399.00m
Debt
| Interest coverage ratio | 8.9x |
| Cash | SEK 65.00m |
| Equity | SEK 744.00m |
| Total liabilities | SEK 1.32b |
| Total assets | SEK 2.06b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: X64's short term assets (SEK940.0M) exceed its short term liabilities (SEK666.0M).
Long Term Liabilities: X64's short term assets (SEK940.0M) exceed its long term liabilities (SEK653.0M).
Debt to Equity History and Analysis
Debt Level: X64's net debt to equity ratio (44.9%) is considered high.
Reducing Debt: X64's debt to equity ratio has reduced from 82.1% to 53.6% over the past 5 years.
Debt Coverage: X64's debt is well covered by operating cash flow (78.9%).
Interest Coverage: X64's interest payments on its debt are well covered by EBIT (8.9x coverage).