CTT Systems Balance Sheet Health
Financial Health criteria checks 6/6
CTT Systems has a total shareholder equity of SEK227.7M and total debt of SEK44.8M, which brings its debt-to-equity ratio to 19.7%. Its total assets and total liabilities are SEK324.0M and SEK96.3M respectively. CTT Systems's EBIT is SEK40.5M making its interest coverage ratio 3.5. It has cash and short-term investments of SEK14.7M.
Key information
19.7%
Debt to equity ratio
SEK 44.80m
Debt
| Interest coverage ratio | 3.5x |
| Cash | SEK 14.70m |
| Equity | SEK 227.70m |
| Total liabilities | SEK 96.30m |
| Total assets | SEK 324.00m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CTTS's short term assets (SEK197.9M) exceed its short term liabilities (SEK48.7M).
Long Term Liabilities: CTTS's short term assets (SEK197.9M) exceed its long term liabilities (SEK47.6M).
Debt to Equity History and Analysis
Debt Level: CTTS's net debt to equity ratio (13.2%) is considered satisfactory.
Reducing Debt: CTTS's debt to equity ratio has reduced from 24.4% to 19.7% over the past 5 years.
Debt Coverage: CTTS's debt is well covered by operating cash flow (94.9%).
Interest Coverage: CTTS's interest payments on its debt are well covered by EBIT (3.5x coverage).