Thule Group Balance Sheet Health
Financial Health criteria checks 6/6
Thule Group has a total shareholder equity of SEK7.5B and total debt of SEK2.1B, which brings its debt-to-equity ratio to 27.5%. Its total assets and total liabilities are SEK11.9B and SEK4.4B respectively. Thule Group's EBIT is SEK1.5B making its interest coverage ratio 16.3. It has cash and short-term investments of SEK131.0M.
Key information
27.5%
Debt to equity ratio
kr2.07b
Debt
Interest coverage ratio | 16.3x |
Cash | kr131.00m |
Equity | kr7.53b |
Total liabilities | kr4.35b |
Total assets | kr11.88b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TU0's short term assets (SEK4.2B) exceed its short term liabilities (SEK1.7B).
Long Term Liabilities: TU0's short term assets (SEK4.2B) exceed its long term liabilities (SEK2.7B).
Debt to Equity History and Analysis
Debt Level: TU0's net debt to equity ratio (25.7%) is considered satisfactory.
Reducing Debt: TU0's debt to equity ratio has reduced from 54.4% to 27.5% over the past 5 years.
Debt Coverage: TU0's debt is well covered by operating cash flow (92.8%).
Interest Coverage: TU0's interest payments on its debt are well covered by EBIT (16.3x coverage).