Proact IT Group Balance Sheet Health
Financial Health criteria checks 5/6
Proact IT Group has a total shareholder equity of SEK1.1B and total debt of SEK519.9M, which brings its debt-to-equity ratio to 48.5%. Its total assets and total liabilities are SEK4.1B and SEK3.0B respectively. Proact IT Group's EBIT is SEK287.2M making its interest coverage ratio 17.9. It has cash and short-term investments of SEK606.1M.
Key information
48.5%
Debt to equity ratio
kr519.90m
Debt
| Interest coverage ratio | 17.9x |
| Cash | kr606.10m |
| Equity | kr1.07b |
| Total liabilities | kr3.02b |
| Total assets | kr4.09b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: PACTS's short term assets (SEK2.0B) exceed its short term liabilities (SEK1.8B).
Long Term Liabilities: PACTS's short term assets (SEK2.0B) exceed its long term liabilities (SEK1.2B).
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 increased from 23.9% to 48.5% over the past 5 years.
Debt Coverage: PACTS's debt is well covered by operating cash flow (116.5%).
Interest Coverage: PACTS's interest payments on its debt are well covered by EBIT (17.9x coverage).