New Wave Group Balance Sheet Health
Financial Health criteria checks 6/6
New Wave Group has a total shareholder equity of SEK6.6B and total debt of SEK2.4B, which brings its debt-to-equity ratio to 36.5%. Its total assets and total liabilities are SEK10.9B and SEK4.3B respectively. New Wave Group's EBIT is SEK1.4B making its interest coverage ratio 10.3. It has cash and short-term investments of SEK474.7M.
Key information
36.5%
Debt to equity ratio
SEK 2.40b
Debt
| Interest coverage ratio | 10.3x |
| Cash | SEK 474.70m |
| Equity | SEK 6.59b |
| Total liabilities | SEK 4.27b |
| Total assets | SEK 10.86b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: NWG0's short term assets (SEK7.4B) exceed its short term liabilities (SEK1.9B).
Long Term Liabilities: NWG0's short term assets (SEK7.4B) exceed its long term liabilities (SEK2.4B).
Debt to Equity History and Analysis
Debt Level: NWG0's net debt to equity ratio (29.3%) is considered satisfactory.
Reducing Debt: NWG0's debt to equity ratio has reduced from 70.7% to 36.5% over the past 5 years.
Debt Coverage: NWG0's debt is well covered by operating cash flow (61.9%).
Interest Coverage: NWG0's interest payments on its debt are well covered by EBIT (10.3x coverage).