Proact IT Group Balance Sheet Health
Financial Health criteria checks 6/6
Proact IT Group has a total shareholder equity of SEK1.1B and total debt of SEK521.4M, which brings its debt-to-equity ratio to 48.8%. Its total assets and total liabilities are SEK4.2B and SEK3.1B respectively. Proact IT Group's EBIT is SEK302.3M making its interest coverage ratio 32. It has cash and short-term investments of SEK615.6M.
Key information
48.8%
Debt to equity ratio
SEK 521.40m
Debt
| Interest coverage ratio | 32x |
| Cash | SEK 615.60m |
| Equity | SEK 1.07b |
| Total liabilities | SEK 3.14b |
| Total assets | SEK 4.21b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: PACTS's short term assets (SEK2.1B) exceed its short term liabilities (SEK1.9B).
Long Term Liabilities: PACTS's short term assets (SEK2.1B) exceed its long term liabilities (SEK1.3B).
Debt to Equity History and Analysis
Debt Level: PACTS has more cash than its total debt.
Reducing Debt: PACTS's debt to equity ratio has reduced from 78.3% to 48.8% over the past 5 years.
Debt Coverage: PACTS's debt is well covered by operating cash flow (116.4%).
Interest Coverage: PACTS's interest payments on its debt are well covered by EBIT (32x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/10/12 15:06 |
| End of Day Share Price | 2024/07/15 00:00 |
| Earnings | 2024/06/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Proact IT Group AB (publ) is covered by 5 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| null null | ABG Sundal Collier |
| Daniel Thorsson | ABG Sundal Collier Sponsored |
| null null | ABG Sundal Collier Sponsored |