AB SKF Balance Sheet Health
Financial Health criteria checks 6/6
AB SKF has a total shareholder equity of SEK57.7B and total debt of SEK16.6B, which brings its debt-to-equity ratio to 28.7%. Its total assets and total liabilities are SEK113.4B and SEK55.6B respectively. AB SKF's EBIT is SEK9.9B making its interest coverage ratio 47.5. It has cash and short-term investments of SEK8.7B.
Key information
28.7%
Debt to equity ratio
SEK 16.60b
Debt
| Interest coverage ratio | 47.5x |
| Cash | SEK 8.69b |
| Equity | SEK 57.74b |
| Total liabilities | SEK 55.64b |
| Total assets | SEK 113.38b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SKFAS's short term assets (SEK58.1B) exceed its short term liabilities (SEK24.6B).
Long Term Liabilities: SKFAS's short term assets (SEK58.1B) exceed its long term liabilities (SEK31.0B).
Debt to Equity History and Analysis
Debt Level: SKFAS's net debt to equity ratio (13.7%) is considered satisfactory.
Reducing Debt: SKFAS's debt to equity ratio has reduced from 50% to 28.7% over the past 5 years.
Debt Coverage: SKFAS's debt is well covered by operating cash flow (68.1%).
Interest Coverage: SKFAS's interest payments on its debt are well covered by EBIT (47.5x coverage).