ADDvise Group Balance Sheet Health
Financial Health criteria checks 3/6
ADDvise Group has a total shareholder equity of SEK834.3M and total debt of SEK1.5B, which brings its debt-to-equity ratio to 183.3%. Its total assets and total liabilities are SEK3.4B and SEK2.6B respectively. ADDvise Group's EBIT is SEK303.8M making its interest coverage ratio 3.8. It has cash and short-term investments of SEK328.6M.
Key information
183.3%
Debt to equity ratio
kr1.53b
Debt
Interest coverage ratio | 3.8x |
Cash | kr328.60m |
Equity | kr834.30m |
Total liabilities | kr2.57b |
Total assets | kr3.41b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: Q3I's short term assets (SEK827.2M) exceed its short term liabilities (SEK631.7M).
Long Term Liabilities: Q3I's short term assets (SEK827.2M) do not cover its long term liabilities (SEK1.9B).
Debt to Equity History and Analysis
Debt Level: Q3I's net debt to equity ratio (143.9%) is considered high.
Reducing Debt: Q3I's debt to equity ratio has reduced from 250.2% to 183.3% over the past 5 years.
Debt Coverage: Q3I's debt is not well covered by operating cash flow (6.9%).
Interest Coverage: Q3I's interest payments on its debt are well covered by EBIT (3.8x coverage).