Gränges Balance Sheet Health
Financial Health criteria checks 6/6
Gränges has a total shareholder equity of SEK9.4B and total debt of SEK3.7B, which brings its debt-to-equity ratio to 38.9%. Its total assets and total liabilities are SEK18.0B and SEK8.6B respectively. Gränges's EBIT is SEK1.5B making its interest coverage ratio 5.9. It has cash and short-term investments of SEK695.0M.
Key information
38.9%
Debt to equity ratio
kr3.66b
Debt
Interest coverage ratio | 5.9x |
Cash | kr695.00m |
Equity | kr9.41b |
Total liabilities | kr8.62b |
Total assets | kr18.03b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 9GR's short term assets (SEK7.8B) exceed its short term liabilities (SEK5.1B).
Long Term Liabilities: 9GR's short term assets (SEK7.8B) exceed its long term liabilities (SEK3.5B).
Debt to Equity History and Analysis
Debt Level: 9GR's net debt to equity ratio (31.5%) is considered satisfactory.
Reducing Debt: 9GR's debt to equity ratio has reduced from 69.7% to 38.9% over the past 5 years.
Debt Coverage: 9GR's debt is well covered by operating cash flow (84.8%).
Interest Coverage: 9GR's interest payments on its debt are well covered by EBIT (5.9x coverage).