Swedencare Balance Sheet Health
Financial Health criteria checks 3/6
Swedencare has a total shareholder equity of SEK7.7B and total debt of SEK1.4B, which brings its debt-to-equity ratio to 18.3%. Its total assets and total liabilities are SEK10.1B and SEK2.4B respectively. Swedencare's EBIT is SEK214.7M making its interest coverage ratio 2.4. It has cash and short-term investments of SEK224.3M.
Key information
18.3%
Debt to equity ratio
kr1.42b
Debt
Interest coverage ratio | 2.4x |
Cash | kr224.30m |
Equity | kr7.75b |
Total liabilities | kr2.38b |
Total assets | kr10.12b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 7XY's short term assets (SEK1.1B) exceed its short term liabilities (SEK346.5M).
Long Term Liabilities: 7XY's short term assets (SEK1.1B) do not cover its long term liabilities (SEK2.0B).
Debt to Equity History and Analysis
Debt Level: 7XY's net debt to equity ratio (15.4%) is considered satisfactory.
Reducing Debt: 7XY's debt to equity ratio has increased from 8.3% to 18.3% over the past 5 years.
Debt Coverage: 7XY's debt is well covered by operating cash flow (29.3%).
Interest Coverage: 7XY's interest payments on its debt are not well covered by EBIT (2.4x coverage).