NOTE Balance Sheet Health
Financial Health criteria checks 6/6
NOTE has a total shareholder equity of SEK1.5B and total debt of SEK519.0M, which brings its debt-to-equity ratio to 33.7%. Its total assets and total liabilities are SEK3.2B and SEK1.6B respectively. NOTE's EBIT is SEK373.4M making its interest coverage ratio 9.9. It has cash and short-term investments of SEK316.0M.
Key information
33.7%
Debt to equity ratio
SEK 519.00m
Debt
| Interest coverage ratio | 9.9x |
| Cash | SEK 316.00m |
| Equity | SEK 1.54b |
| Total liabilities | SEK 1.62b |
| Total assets | SEK 3.16b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: NQA's short term assets (SEK2.3B) exceed its short term liabilities (SEK1.3B).
Long Term Liabilities: NQA's short term assets (SEK2.3B) exceed its long term liabilities (SEK320.0M).
Debt to Equity History and Analysis
Debt Level: NQA's net debt to equity ratio (13.2%) is considered satisfactory.
Reducing Debt: NQA's debt to equity ratio has reduced from 55.6% to 33.7% over the past 5 years.
Debt Coverage: NQA's debt is well covered by operating cash flow (116%).
Interest Coverage: NQA's interest payments on its debt are well covered by EBIT (9.9x coverage).