QleanAir Balance Sheet Health
Financial Health criteria checks 4/6
QleanAir has a total shareholder equity of SEK215.3M and total debt of SEK217.0M, which brings its debt-to-equity ratio to 100.8%. Its total assets and total liabilities are SEK662.0M and SEK446.8M respectively. QleanAir's EBIT is SEK64.1M making its interest coverage ratio 3.7. It has cash and short-term investments of SEK56.9M.
Key information
100.8%
Debt to equity ratio
kr216.99m
Debt
Interest coverage ratio | 3.7x |
Cash | kr56.89m |
Equity | kr215.30m |
Total liabilities | kr446.75m |
Total assets | kr662.05m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 9ZJ's short term assets (SEK226.0M) do not cover its short term liabilities (SEK277.0M).
Long Term Liabilities: 9ZJ's short term assets (SEK226.0M) exceed its long term liabilities (SEK169.8M).
Debt to Equity History and Analysis
Debt Level: 9ZJ's net debt to equity ratio (74.4%) is considered high.
Reducing Debt: 9ZJ's debt to equity ratio has reduced from 545.1% to 100.8% over the past 5 years.
Debt Coverage: 9ZJ's debt is well covered by operating cash flow (28.9%).
Interest Coverage: 9ZJ's interest payments on its debt are well covered by EBIT (3.7x coverage).