Serneke Group Balance Sheet Health
Financial Health criteria checks 3/6
Serneke Group has a total shareholder equity of SEK2.5B and total debt of SEK1.3B, which brings its debt-to-equity ratio to 50.9%. Its total assets and total liabilities are SEK6.7B and SEK4.2B respectively. Serneke Group's EBIT is SEK180.0M making its interest coverage ratio -90. It has cash and short-term investments of SEK238.0M.
Key information
50.9%
Debt to equity ratio
kr1.28b
Debt
| Interest coverage ratio | -90x |
| Cash | kr238.00m |
| Equity | kr2.52b |
| Total liabilities | kr4.17b |
| Total assets | kr6.69b |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SRNKBS's short term assets (SEK3.5B) exceed its short term liabilities (SEK2.6B).
Long Term Liabilities: SRNKBS's short term assets (SEK3.5B) exceed its long term liabilities (SEK1.6B).
Debt to Equity History and Analysis
Debt Level: SRNKBS's net debt to equity ratio (41.5%) is considered high.
Reducing Debt: SRNKBS's debt to equity ratio has increased from 49.2% to 50.9% over the past 5 years.
Debt Coverage: SRNKBS's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: SRNKBS earns more interest than it pays, so coverage of interest payments is not a concern.