RaySearch Laboratories Balance Sheet Health
Financial Health criteria checks 6/6
RaySearch Laboratories has a total shareholder equity of SEK776.5M and total debt of SEK0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are SEK2.1B and SEK1.3B respectively. RaySearch Laboratories's EBIT is SEK137.0M making its interest coverage ratio 28.6. It has cash and short-term investments of SEK440.1M.
Key information
0%
Debt to equity ratio
kr0
Debt
| Interest coverage ratio | 28.6x |
| Cash | kr440.13m |
| Equity | kr776.55m |
| Total liabilities | kr1.29b |
| Total assets | kr2.06b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: RAYBS's short term assets (SEK903.2M) exceed its short term liabilities (SEK745.9M).
Long Term Liabilities: RAYBS's short term assets (SEK903.2M) exceed its long term liabilities (SEK541.8M).
Debt to Equity History and Analysis
Debt Level: RAYBS is debt free.
Reducing Debt: RAYBS has no debt compared to 5 years ago when its debt to equity ratio was 14%.
Debt Coverage: RAYBS has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: RAYBS has no debt, therefore coverage of interest payments is not a concern.