Thule Group Balance Sheet Health
Financial Health criteria checks 6/6
Thule Group has a total shareholder equity of SEK7.1B and total debt of SEK1.5B, which brings its debt-to-equity ratio to 21.5%. Its total assets and total liabilities are SEK11.6B and SEK4.5B respectively. Thule Group's EBIT is SEK1.6B making its interest coverage ratio 21.1. It has cash and short-term investments of SEK857.0M.
Key information
21.5%
Debt to equity ratio
SEK 1.53b
Debt
| Interest coverage ratio | 21.1x |
| Cash | SEK 857.00m |
| Equity | SEK 7.12b |
| Total liabilities | SEK 4.46b |
| Total assets | SEK 11.57b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TU0's short term assets (SEK4.1B) exceed its short term liabilities (SEK2.2B).
Long Term Liabilities: TU0's short term assets (SEK4.1B) exceed its long term liabilities (SEK2.3B).
Debt to Equity History and Analysis
Debt Level: TU0's net debt to equity ratio (9.4%) is considered satisfactory.
Reducing Debt: TU0's debt to equity ratio has reduced from 50.5% to 21.5% over the past 5 years.
Debt Coverage: TU0's debt is well covered by operating cash flow (144%).
Interest Coverage: TU0's interest payments on its debt are well covered by EBIT (21.1x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/20 23:54 |
| End of Day Share Price | 2024/12/20 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Thule Group AB (publ) is covered by 12 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Lars Topholm | Carnegie Investment Bank AB |
| Daniel Schmidt | Danske Bank |
| Ebba Marie Bjorklid | DNB Markets |