Tele2 Balance Sheet Health
Financial Health criteria checks 2/6
Tele2 has a total shareholder equity of SEK23.8B and total debt of SEK29.4B, which brings its debt-to-equity ratio to 123.3%. Its total assets and total liabilities are SEK68.8B and SEK45.0B respectively. Tele2's EBIT is SEK5.7B making its interest coverage ratio 5.6. It has cash and short-term investments of SEK4.5B.
Key information
123.3%
Debt to equity ratio
kr29.38b
Debt
Interest coverage ratio | 5.6x |
Cash | kr4.47b |
Equity | kr23.83b |
Total liabilities | kr45.00b |
Total assets | kr68.83b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: NCYD's short term assets (SEK11.3B) do not cover its short term liabilities (SEK12.6B).
Long Term Liabilities: NCYD's short term assets (SEK11.3B) do not cover its long term liabilities (SEK32.4B).
Debt to Equity History and Analysis
Debt Level: NCYD's net debt to equity ratio (104.5%) is considered high.
Reducing Debt: NCYD's debt to equity ratio has increased from 69.9% to 123.3% over the past 5 years.
Debt Coverage: NCYD's debt is well covered by operating cash flow (35%).
Interest Coverage: NCYD's interest payments on its debt are well covered by EBIT (5.6x coverage).