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).