Axfood Balance Sheet Health
Financial Health criteria checks 3/6
Axfood has a total shareholder equity of SEK7.0B and total debt of SEK1.1B, which brings its debt-to-equity ratio to 16.2%. Its total assets and total liabilities are SEK29.7B and SEK22.7B respectively. Axfood's EBIT is SEK3.3B making its interest coverage ratio 8.7. It has cash and short-term investments of SEK285.0M.
Key information
16.2%
Debt to equity ratio
SEK 1.14b
Debt
| Interest coverage ratio | 8.7x |
| Cash | SEK 285.00m |
| Equity | SEK 7.05b |
| Total liabilities | SEK 22.69b |
| Total assets | SEK 29.73b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 0R6R's short term assets (SEK8.2B) do not cover its short term liabilities (SEK13.2B).
Long Term Liabilities: 0R6R's short term assets (SEK8.2B) do not cover its long term liabilities (SEK9.5B).
Debt to Equity History and Analysis
Debt Level: 0R6R's net debt to equity ratio (12.1%) is considered satisfactory.
Reducing Debt: 0R6R's debt to equity ratio has increased from 10.9% to 16.2% over the past 5 years.
Debt Coverage: 0R6R's debt is well covered by operating cash flow (509.3%).
Interest Coverage: 0R6R's interest payments on its debt are well covered by EBIT (8.7x coverage).