Swedencare Balance Sheet Health
Financial Health criteria checks 3/6
Swedencare has a total shareholder equity of SEK7.3B and total debt of SEK1.3B, which brings its debt-to-equity ratio to 18%. Its total assets and total liabilities are SEK9.6B and SEK2.3B respectively. Swedencare's EBIT is SEK234.5M making its interest coverage ratio 2.8. It has cash and short-term investments of SEK193.1M.
Key information
18.0%
Debt to equity ratio
SEK 1.32b
Debt
| Interest coverage ratio | 2.8x |
| Cash | SEK 193.10m |
| Equity | SEK 7.33b |
| Total liabilities | SEK 2.25b |
| Total assets | SEK 9.59b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 0ABG's short term assets (SEK1.0B) exceed its short term liabilities (SEK329.5M).
Long Term Liabilities: 0ABG's short term assets (SEK1.0B) do not cover its long term liabilities (SEK1.9B).
Debt to Equity History and Analysis
Debt Level: 0ABG's net debt to equity ratio (15.3%) is considered satisfactory.
Reducing Debt: 0ABG's debt to equity ratio has increased from 0% to 18% over the past 5 years.
Debt Coverage: 0ABG's debt is well covered by operating cash flow (30.7%).
Interest Coverage: 0ABG's interest payments on its debt are not well covered by EBIT (2.8x coverage).