Tura Group Balance Sheet Health
Financial Health criteria checks 5/6
Tura Group has a total shareholder equity of SEK274.8M and total debt of SEK102.6M, which brings its debt-to-equity ratio to 37.3%. Its total assets and total liabilities are SEK566.3M and SEK291.5M respectively. Tura Group's EBIT is SEK28.8M making its interest coverage ratio 4. It has cash and short-term investments of SEK43.5M.
Key information
37.3%
Debt to equity ratio
SEK 102.61m
Debt
Interest coverage ratio | 4x |
Cash | SEK 43.50m |
Equity | SEK 274.81m |
Total liabilities | SEK 291.46m |
Total assets | SEK 566.27m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 8WO's short term assets (SEK512.6M) exceed its short term liabilities (SEK261.8M).
Long Term Liabilities: 8WO's short term assets (SEK512.6M) exceed its long term liabilities (SEK29.7M).
Debt to Equity History and Analysis
Debt Level: 8WO's net debt to equity ratio (21.5%) is considered satisfactory.
Reducing Debt: Insufficient data to determine if 8WO's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: 8WO's debt is well covered by operating cash flow (66.5%).
Interest Coverage: 8WO's interest payments on its debt are well covered by EBIT (4x coverage).