JM Balance Sheet Health
Financial Health criteria checks 3/6
JM has a total shareholder equity of SEK7.9B and total debt of SEK14.2B, which brings its debt-to-equity ratio to 179.1%. Its total assets and total liabilities are SEK28.0B and SEK20.1B respectively. JM's EBIT is SEK516.0M making its interest coverage ratio 4.5. It has cash and short-term investments of SEK531.0M.
Key information
179.1%
Debt to equity ratio
SEK 14.18b
Debt
| Interest coverage ratio | 4.5x |
| Cash | SEK 531.00m |
| Equity | SEK 7.92b |
| Total liabilities | SEK 20.08b |
| Total assets | SEK 28.00b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: JMM's short term assets (SEK27.5B) exceed its short term liabilities (SEK17.0B).
Long Term Liabilities: JMM's short term assets (SEK27.5B) exceed its long term liabilities (SEK3.1B).
Debt to Equity History and Analysis
Debt Level: JMM's net debt to equity ratio (172.4%) is considered high.
Reducing Debt: JMM's debt to equity ratio has increased from 90.1% to 179.1% over the past 5 years.
Debt Coverage: JMM's debt is not well covered by operating cash flow (6.8%).
Interest Coverage: JMM's interest payments on its debt are well covered by EBIT (4.5x coverage).