Garo Aktiebolag Balance Sheet Health
Financial Health criteria checks 3/6
Garo Aktiebolag has a total shareholder equity of SEK597.1M and total debt of SEK246.2M, which brings its debt-to-equity ratio to 41.2%. Its total assets and total liabilities are SEK1.2B and SEK608.2M respectively. Garo Aktiebolag's EBIT is SEK42.8M making its interest coverage ratio 2.9. It has cash and short-term investments of SEK21.4M.
Key information
41.2%
Debt to equity ratio
SEK 246.20m
Debt
| Interest coverage ratio | 2.9x |
| Cash | SEK 21.40m |
| Equity | SEK 597.10m |
| Total liabilities | SEK 608.20m |
| Total assets | SEK 1.21b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 0REY's short term assets (SEK784.6M) exceed its short term liabilities (SEK474.0M).
Long Term Liabilities: 0REY's short term assets (SEK784.6M) exceed its long term liabilities (SEK134.2M).
Debt to Equity History and Analysis
Debt Level: 0REY's net debt to equity ratio (37.6%) is considered satisfactory.
Reducing Debt: 0REY's debt to equity ratio has increased from 36.2% to 41.2% over the past 5 years.
Debt Coverage: 0REY's debt is not well covered by operating cash flow (9.3%).
Interest Coverage: 0REY's interest payments on its debt are not well covered by EBIT (2.9x coverage).