Nordic LEVEL Group AB (publ.) Balance Sheet Health
Financial Health criteria checks 3/6
Nordic LEVEL Group AB (publ.) has a total shareholder equity of SEK195.5M and total debt of SEK40.4M, which brings its debt-to-equity ratio to 20.7%. Its total assets and total liabilities are SEK385.0M and SEK189.5M respectively. Nordic LEVEL Group AB (publ.)'s EBIT is SEK2.2M making its interest coverage ratio 0.3. It has cash and short-term investments of SEK25.2M.
Key information
20.7%
Debt to equity ratio
kr40.43m
Debt
Interest coverage ratio | 0.3x |
Cash | kr25.16m |
Equity | kr195.51m |
Total liabilities | kr189.49m |
Total assets | kr384.99m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 9T2's short term assets (SEK144.3M) do not cover its short term liabilities (SEK168.3M).
Long Term Liabilities: 9T2's short term assets (SEK144.3M) exceed its long term liabilities (SEK21.1M).
Debt to Equity History and Analysis
Debt Level: 9T2's net debt to equity ratio (7.8%) is considered satisfactory.
Reducing Debt: 9T2's debt to equity ratio has reduced from 142.4% to 20.7% over the past 5 years.
Debt Coverage: 9T2's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 9T2's interest payments on its debt are not well covered by EBIT (0.3x coverage).