Addnode Group Balance Sheet Health
Financial Health criteria checks 4/6
Addnode Group has a total shareholder equity of SEK2.3B and total debt of SEK1.3B, which brings its debt-to-equity ratio to 56.6%. Its total assets and total liabilities are SEK7.8B and SEK5.5B respectively. Addnode Group's EBIT is SEK567.0M making its interest coverage ratio 6.2. It has cash and short-term investments of SEK441.0M.
Key information
56.6%
Debt to equity ratio
SEK 1.29b
Debt
| Interest coverage ratio | 6.2x |
| Cash | SEK 441.00m |
| Equity | SEK 2.28b |
| Total liabilities | SEK 5.53b |
| Total assets | SEK 7.81b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: AR7's short term assets (SEK3.3B) do not cover its short term liabilities (SEK3.6B).
Long Term Liabilities: AR7's short term assets (SEK3.3B) exceed its long term liabilities (SEK1.9B).
Debt to Equity History and Analysis
Debt Level: AR7's net debt to equity ratio (37.3%) is considered satisfactory.
Reducing Debt: AR7's debt to equity ratio has increased from 35.9% to 56.6% over the past 5 years.
Debt Coverage: AR7's debt is well covered by operating cash flow (50.7%).
Interest Coverage: AR7's interest payments on its debt are well covered by EBIT (6.2x coverage).