Solar Balance Sheet Health
Financial Health criteria checks 5/6
Solar has a total shareholder equity of DKK2.0B and total debt of DKK1.2B, which brings its debt-to-equity ratio to 58.8%. Its total assets and total liabilities are DKK6.1B and DKK4.1B respectively. Solar's EBIT is DKK586.0M making its interest coverage ratio 7.3. It has cash and short-term investments of DKK441.0M.
Key information
58.8%
Debt to equity ratio
kr.1.17b
Debt
Interest coverage ratio | 7.3x |
Cash | kr.441.00m |
Equity | kr.1.98b |
Total liabilities | kr.4.13b |
Total assets | kr.6.11b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 0G33's short term assets (DKK4.2B) exceed its short term liabilities (DKK3.2B).
Long Term Liabilities: 0G33's short term assets (DKK4.2B) exceed its long term liabilities (DKK908.0M).
Debt to Equity History and Analysis
Debt Level: 0G33's net debt to equity ratio (36.5%) is considered satisfactory.
Reducing Debt: 0G33's debt to equity ratio has increased from 36.7% to 58.8% over the past 5 years.
Debt Coverage: 0G33's debt is well covered by operating cash flow (73.4%).
Interest Coverage: 0G33's interest payments on its debt are well covered by EBIT (7.3x coverage).