Netel Holding Balance Sheet Health
Financial Health criteria checks 2/6
Netel Holding has a total shareholder equity of SEK1.1B and total debt of SEK1.0B, which brings its debt-to-equity ratio to 89.7%. Its total assets and total liabilities are SEK3.0B and SEK1.8B respectively. Netel Holding's EBIT is SEK144.0M making its interest coverage ratio 2. It has cash and short-term investments of SEK278.0M.
Key information
89.7%
Debt to equity ratio
SEK 1.02b
Debt
| Interest coverage ratio | 2x |
| Cash | SEK 278.00m |
| Equity | SEK 1.13b |
| Total liabilities | SEK 1.83b |
| Total assets | SEK 2.97b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: NETELS's short term assets (SEK1.3B) exceed its short term liabilities (SEK774.0M).
Long Term Liabilities: NETELS's short term assets (SEK1.3B) exceed its long term liabilities (SEK1.1B).
Debt to Equity History and Analysis
Debt Level: NETELS's net debt to equity ratio (65.1%) is considered high.
Reducing Debt: Insufficient data to determine if NETELS's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: NETELS's debt is not well covered by operating cash flow (14.3%).
Interest Coverage: NETELS's interest payments on its debt are not well covered by EBIT (2x coverage).