Solar Balance Sheet Health
Financial Health criteria checks 4/6
Solar has a total shareholder equity of DKK1.8B and total debt of DKK1.5B, which brings its debt-to-equity ratio to 82.2%. Its total assets and total liabilities are DKK6.3B and DKK4.4B respectively. Solar's EBIT is DKK273.0M making its interest coverage ratio 3.4. It has cash and short-term investments of DKK268.0M.
Key information
82.2%
Debt to equity ratio
DKK 1.51b
Debt
| Interest coverage ratio | 3.4x |
| Cash | DKK 268.00m |
| Equity | DKK 1.83b |
| Total liabilities | DKK 4.43b |
| Total assets | DKK 6.26b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ZVR's short term assets (DKK4.4B) exceed its short term liabilities (DKK3.6B).
Long Term Liabilities: ZVR's short term assets (DKK4.4B) exceed its long term liabilities (DKK871.0M).
Debt to Equity History and Analysis
Debt Level: ZVR's net debt to equity ratio (67.6%) is considered high.
Reducing Debt: ZVR's debt to equity ratio has increased from 57.1% to 82.2% over the past 5 years.
Debt Coverage: ZVR's debt is well covered by operating cash flow (33.2%).
Interest Coverage: ZVR's interest payments on its debt are well covered by EBIT (3.4x coverage).