AB SKF Balance Sheet Health
Financial Health criteria checks 6/6
AB SKF has a total shareholder equity of SEK57.7B and total debt of SEK16.5B, which brings its debt-to-equity ratio to 28.6%. Its total assets and total liabilities are SEK113.4B and SEK55.7B respectively. AB SKF's EBIT is SEK9.9B making its interest coverage ratio 82.5. It has cash and short-term investments of SEK10.2B.
Key information
28.6%
Debt to equity ratio
SEK 16.49b
Debt
| Interest coverage ratio | 82.5x |
| Cash | SEK 10.16b |
| Equity | SEK 57.71b |
| Total liabilities | SEK 55.73b |
| Total assets | SEK 113.44b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SKFD's short term assets (SEK58.8B) exceed its short term liabilities (SEK29.3B).
Long Term Liabilities: SKFD's short term assets (SEK58.8B) exceed its long term liabilities (SEK26.5B).
Debt to Equity History and Analysis
Debt Level: SKFD's net debt to equity ratio (11%) is considered satisfactory.
Reducing Debt: SKFD's debt to equity ratio has reduced from 44.8% to 28.6% over the past 5 years.
Debt Coverage: SKFD's debt is well covered by operating cash flow (69.4%).
Interest Coverage: SKFD's interest payments on its debt are well covered by EBIT (82.5x coverage).