Proact IT Group Balance Sheet Health
Financial Health criteria checks 6/6
Proact IT Group has a total shareholder equity of SEK1.1B and total debt of SEK252.6M, which brings its debt-to-equity ratio to 22.6%. Its total assets and total liabilities are SEK4.2B and SEK3.1B respectively. Proact IT Group's EBIT is SEK309.4M making its interest coverage ratio 20.6. It has cash and short-term investments of SEK652.1M.
Key information
22.6%
Debt to equity ratio
SEK 252.60m
Debt
| Interest coverage ratio | 20.6x |
| Cash | SEK 652.10m |
| Equity | SEK 1.12b |
| Total liabilities | SEK 3.10b |
| Total assets | SEK 4.21b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: PIU0's short term assets (SEK2.1B) exceed its short term liabilities (SEK1.8B).
Long Term Liabilities: PIU0's short term assets (SEK2.1B) exceed its long term liabilities (SEK1.3B).
Debt to Equity History and Analysis
Debt Level: PIU0 has more cash than its total debt.
Reducing Debt: PIU0's debt to equity ratio has reduced from 23.6% to 22.6% over the past 5 years.
Debt Coverage: PIU0's debt is well covered by operating cash flow (220.6%).
Interest Coverage: PIU0's interest payments on its debt are well covered by EBIT (20.6x coverage).