Volvo Car AB (publ.) Balance Sheet Health
Financial Health criteria checks 5/6
Volvo Car AB (publ.) has a total shareholder equity of SEK143.0B and total debt of SEK49.5B, which brings its debt-to-equity ratio to 34.6%. Its total assets and total liabilities are SEK386.4B and SEK243.4B respectively. Volvo Car AB (publ.)'s EBIT is SEK29.0B making its interest coverage ratio -144.8. It has cash and short-term investments of SEK43.5B.
Key information
34.6%
Debt to equity ratio
SEK 49.47b
Debt
| Interest coverage ratio | -144.8x |
| Cash | SEK 43.53b |
| Equity | SEK 143.04b |
| Total liabilities | SEK 243.41b |
| Total assets | SEK 386.44b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: VOLCBS's short term assets (SEK165.2B) do not cover its short term liabilities (SEK171.7B).
Long Term Liabilities: VOLCBS's short term assets (SEK165.2B) exceed its long term liabilities (SEK71.8B).
Debt to Equity History and Analysis
Debt Level: VOLCBS's net debt to equity ratio (4.2%) is considered satisfactory.
Reducing Debt: VOLCBS's debt to equity ratio has reduced from 54.4% to 34.6% over the past 5 years.
Debt Coverage: VOLCBS's debt is well covered by operating cash flow (79.2%).
Interest Coverage: VOLCBS earns more interest than it pays, so coverage of interest payments is not a concern.