Scandinavian Investment Group Balance Sheet Health
Financial Health criteria checks 4/6
Scandinavian Investment Group has a total shareholder equity of DKK190.3M and total debt of DKK110.2M, which brings its debt-to-equity ratio to 57.9%. Its total assets and total liabilities are DKK307.4M and DKK117.1M respectively. Scandinavian Investment Group's EBIT is DKK24.4M making its interest coverage ratio -8.4. It has cash and short-term investments of DKK120.9M.
Key information
57.9%
Debt to equity ratio
DKK 110.20m
Debt
| Interest coverage ratio | -8.4x |
| Cash | DKK 120.90m |
| Equity | DKK 190.30m |
| Total liabilities | DKK 117.10m |
| Total assets | DKK 307.40m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 2D2's short term assets (DKK122.1M) exceed its short term liabilities (DKK20.8M).
Long Term Liabilities: 2D2's short term assets (DKK122.1M) exceed its long term liabilities (DKK96.3M).
Debt to Equity History and Analysis
Debt Level: 2D2 has more cash than its total debt.
Reducing Debt: 2D2's debt to equity ratio has increased from 5.5% to 57.9% over the past 5 years.
Debt Coverage: 2D2's debt is not well covered by operating cash flow (10.7%).
Interest Coverage: 2D2 earns more interest than it pays, so coverage of interest payments is not a concern.