QleanAir Balance Sheet Health
Financial Health criteria checks 2/6
QleanAir has a total shareholder equity of SEK207.7M and total debt of SEK222.2M, which brings its debt-to-equity ratio to 107%. Its total assets and total liabilities are SEK646.1M and SEK438.4M respectively. QleanAir's EBIT is SEK22.5M making its interest coverage ratio 0.9. It has cash and short-term investments of SEK48.8M.
Key information
107.0%
Debt to equity ratio
SEK 222.24m
Debt
| Interest coverage ratio | 0.9x |
| Cash | SEK 48.82m |
| Equity | SEK 207.69m |
| Total liabilities | SEK 438.38m |
| Total assets | SEK 646.07m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 9ZJ's short term assets (SEK209.4M) do not cover its short term liabilities (SEK419.6M).
Long Term Liabilities: 9ZJ's short term assets (SEK209.4M) exceed its long term liabilities (SEK18.8M).
Debt to Equity History and Analysis
Debt Level: 9ZJ's net debt to equity ratio (83.5%) is considered high.
Reducing Debt: 9ZJ's debt to equity ratio has reduced from 360.1% to 107% over the past 5 years.
Debt Coverage: 9ZJ's debt is not well covered by operating cash flow (16.7%).
Interest Coverage: 9ZJ's interest payments on its debt are not well covered by EBIT (0.9x coverage).