Garo Aktiebolag Balance Sheet Health
Financial Health criteria checks 5/6
Garo Aktiebolag has a total shareholder equity of SEK646.9M and total debt of SEK250.1M, which brings its debt-to-equity ratio to 38.7%. Its total assets and total liabilities are SEK1.3B and SEK661.8M respectively. Garo Aktiebolag's EBIT is SEK128.3M making its interest coverage ratio -24.7. It has cash and short-term investments of SEK13.8M.
Key information
38.7%
Debt to equity ratio
SEK 250.10m
Debt
| Interest coverage ratio | -24.7x |
| Cash | SEK 13.80m |
| Equity | SEK 646.90m |
| Total liabilities | SEK 661.80m |
| Total assets | SEK 1.31b |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: GAROS's short term assets (SEK833.2M) exceed its short term liabilities (SEK559.5M).
Long Term Liabilities: GAROS's short term assets (SEK833.2M) exceed its long term liabilities (SEK102.3M).
Debt to Equity History and Analysis
Debt Level: GAROS's net debt to equity ratio (36.5%) is considered satisfactory.
Reducing Debt: GAROS's debt to equity ratio has reduced from 40.5% to 38.7% over the past 5 years.
Debt Coverage: GAROS's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: GAROS earns more interest than it pays, so coverage of interest payments is not a concern.