Concentric Balance Sheet Health
Financial Health criteria checks 5/6
Concentric has a total shareholder equity of SEK2.2B and total debt of SEK836.0M, which brings its debt-to-equity ratio to 38%. Its total assets and total liabilities are SEK4.2B and SEK2.0B respectively. Concentric's EBIT is SEK349.0M making its interest coverage ratio 14. It has cash and short-term investments of SEK374.0M.
Key information
38.0%
Debt to equity ratio
SEK 836.00m
Debt
| Interest coverage ratio | 14x |
| Cash | SEK 374.00m |
| Equity | SEK 2.20b |
| Total liabilities | SEK 2.00b |
| Total assets | SEK 4.19b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: COICs's short term assets (SEK1.5B) exceed its short term liabilities (SEK1.0B).
Long Term Liabilities: COICs's short term assets (SEK1.5B) exceed its long term liabilities (SEK980.0M).
Debt to Equity History and Analysis
Debt Level: COICs's net debt to equity ratio (21%) is considered satisfactory.
Reducing Debt: COICs's debt to equity ratio has increased from 16.6% to 38% over the past 5 years.
Debt Coverage: COICs's debt is well covered by operating cash flow (63.9%).
Interest Coverage: COICs's interest payments on its debt are well covered by EBIT (14x coverage).