Meko Balance Sheet Health
Financial Health criteria checks 5/6
Meko has a total shareholder equity of SEK6.5B and total debt of SEK3.6B, which brings its debt-to-equity ratio to 56.1%. Its total assets and total liabilities are SEK16.6B and SEK10.1B respectively. Meko's EBIT is SEK870.0M making its interest coverage ratio 3.5. It has cash and short-term investments of SEK692.0M.
Key information
56.1%
Debt to equity ratio
SEK 3.63b
Debt
| Interest coverage ratio | 3.5x |
| Cash | SEK 692.00m |
| Equity | SEK 6.47b |
| Total liabilities | SEK 10.08b |
| Total assets | SEK 16.55b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MEKOS's short term assets (SEK7.9B) exceed its short term liabilities (SEK4.6B).
Long Term Liabilities: MEKOS's short term assets (SEK7.9B) exceed its long term liabilities (SEK5.5B).
Debt to Equity History and Analysis
Debt Level: MEKOS's net debt to equity ratio (45.4%) is considered high.
Reducing Debt: MEKOS's debt to equity ratio has reduced from 108.5% to 56.1% over the past 5 years.
Debt Coverage: MEKOS's debt is well covered by operating cash flow (41.6%).
Interest Coverage: MEKOS's interest payments on its debt are well covered by EBIT (3.5x coverage).