Alm. Brand Balance Sheet Health
Financial Health criteria checks 3/6
Alm. Brand has a total shareholder equity of DKK13.3B and total debt of DKK1.7B, which brings its debt-to-equity ratio to 12.9%. Its total assets and total liabilities are DKK36.4B and DKK23.1B respectively. Alm. Brand's EBIT is DKK2.0B making its interest coverage ratio 16.4. It has cash and short-term investments of DKK416.0M.
Key information
12.9%
Debt to equity ratio
DKK 1.71b
Debt
| Interest coverage ratio | 16.4x |
| Cash | DKK 416.00m |
| Equity | DKK 13.30b |
| Total liabilities | DKK 23.12b |
| Total assets | DKK 36.42b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 1AM's short term assets (DKK2.4B) do not cover its short term liabilities (DKK2.9B).
Long Term Liabilities: 1AM's short term assets (DKK2.4B) do not cover its long term liabilities (DKK20.2B).
Debt to Equity History and Analysis
Debt Level: 1AM's net debt to equity ratio (9.8%) is considered satisfactory.
Reducing Debt: 1AM's debt to equity ratio has reduced from 42% to 12.9% over the past 5 years.
Debt Coverage: 1AM's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 1AM's interest payments on its debt are well covered by EBIT (16.4x coverage).