RaySearch Laboratories Balance Sheet Health
Financial Health criteria checks 6/6
RaySearch Laboratories has a total shareholder equity of SEK810.7M and total debt of SEK0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are SEK2.0B and SEK1.2B respectively. RaySearch Laboratories's EBIT is SEK238.6M making its interest coverage ratio 117.5. It has cash and short-term investments of SEK425.0M.
Key information
0%
Debt to equity ratio
SEK 0
Debt
| Interest coverage ratio | 117.5x |
| Cash | SEK 425.03m |
| Equity | SEK 810.66m |
| Total liabilities | SEK 1.20b |
| Total assets | SEK 2.02b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: RAYBS's short term assets (SEK906.6M) exceed its short term liabilities (SEK699.7M).
Long Term Liabilities: RAYBS's short term assets (SEK906.6M) exceed its long term liabilities (SEK505.1M).
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 7.2%.
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.