ADDvise Group Balance Sheet Health
Financial Health criteria checks 3/6
ADDvise Group has a total shareholder equity of SEK815.8M and total debt of SEK1.7B, which brings its debt-to-equity ratio to 212.8%. Its total assets and total liabilities are SEK3.5B and SEK2.7B respectively. ADDvise Group's EBIT is SEK269.4M making its interest coverage ratio 3.3. It has cash and short-term investments of SEK436.5M.
Key information
212.8%
Debt to equity ratio
SEK 1.74b
Debt
| Interest coverage ratio | 3.3x |
| Cash | SEK 436.50m |
| Equity | SEK 815.80m |
| Total liabilities | SEK 2.68b |
| Total assets | SEK 3.50b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: Q3I's short term assets (SEK969.3M) exceed its short term liabilities (SEK615.8M).
Long Term Liabilities: Q3I's short term assets (SEK969.3M) do not cover its long term liabilities (SEK2.1B).
Debt to Equity History and Analysis
Debt Level: Q3I's net debt to equity ratio (159.3%) is considered high.
Reducing Debt: Q3I's debt to equity ratio has reduced from 243.5% to 212.8% over the past 5 years.
Debt Coverage: Q3I's debt is not well covered by operating cash flow (5.6%).
Interest Coverage: Q3I's interest payments on its debt are well covered by EBIT (3.3x coverage).