Fortnox Balance Sheet Health
Financial Health criteria checks 6/6
Fortnox has a total shareholder equity of SEK2.2B and total debt of SEK0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are SEK3.2B and SEK1.0B respectively. Fortnox's EBIT is SEK812.0M making its interest coverage ratio -67.7. It has cash and short-term investments of SEK660.0M.
Key information
0%
Debt to equity ratio
SEK 0
Debt
| Interest coverage ratio | -67.7x |
| Cash | SEK 660.00m |
| Equity | SEK 2.16b |
| Total liabilities | SEK 1.04b |
| Total assets | SEK 3.21b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 0G3T's short term assets (SEK1.9B) exceed its short term liabilities (SEK822.0M).
Long Term Liabilities: 0G3T's short term assets (SEK1.9B) exceed its long term liabilities (SEK222.0M).
Debt to Equity History and Analysis
Debt Level: 0G3T is debt free.
Reducing Debt: 0G3T had no debt 5 years ago.
Debt Coverage: 0G3T has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: 0G3T has no debt, therefore coverage of interest payments is not a concern.