ADDvise Group Balance Sheet Health
Financial Health criteria checks 2/6
ADDvise Group has a total shareholder equity of SEK782.0M and total debt of SEK1.7B, which brings its debt-to-equity ratio to 218.4%. Its total assets and total liabilities are SEK3.4B and SEK2.6B respectively. ADDvise Group's EBIT is SEK255.1M making its interest coverage ratio 2.1. It has cash and short-term investments of SEK400.6M.
Key information
218.4%
Debt to equity ratio
SEK 1.71b
Debt
| Interest coverage ratio | 2.1x |
| Cash | SEK 400.60m |
| Equity | SEK 782.00m |
| Total liabilities | SEK 2.59b |
| Total assets | SEK 3.37b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: Q3I's short term assets (SEK921.9M) exceed its short term liabilities (SEK566.4M).
Long Term Liabilities: Q3I's short term assets (SEK921.9M) do not cover its long term liabilities (SEK2.0B).
Debt to Equity History and Analysis
Debt Level: Q3I's net debt to equity ratio (167.2%) is considered high.
Reducing Debt: Q3I's debt to equity ratio has reduced from 229.3% to 218.4% over the past 5 years.
Debt Coverage: Q3I's debt is not well covered by operating cash flow (3.8%).
Interest Coverage: Q3I's interest payments on its debt are not well covered by EBIT (2.1x coverage).