Topdanmark Balance Sheet Health
Financial Health criteria checks 5/6
Topdanmark has a total shareholder equity of DKK4.3B and total debt of DKK1.2B, which brings its debt-to-equity ratio to 27.4%. Its total assets and total liabilities are DKK22.7B and DKK18.5B respectively. Topdanmark's EBIT is DKK1.7B making its interest coverage ratio 15.7. It has cash and short-term investments of DKK533.0M.
Key information
27.4%
Debt to equity ratio
DKK 1.17b
Debt
| Interest coverage ratio | 15.7x |
| Cash | DKK 533.00m |
| Equity | DKK 4.26b |
| Total liabilities | DKK 18.45b |
| Total assets | DKK 22.71b |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TOPC's short term assets (DKK1.9B) exceed its short term liabilities (DKK446.0M).
Long Term Liabilities: TOPC's short term assets (DKK1.9B) do not cover its long term liabilities (DKK18.0B).
Debt to Equity History and Analysis
Debt Level: TOPC's net debt to equity ratio (14.9%) is considered satisfactory.
Reducing Debt: TOPC's debt to equity ratio has reduced from 35% to 27.4% over the past 5 years.
Debt Coverage: TOPC's debt is well covered by operating cash flow (97.8%).
Interest Coverage: TOPC's interest payments on its debt are well covered by EBIT (15.7x coverage).