Addnode Group Balance Sheet Health
Financial Health criteria checks 5/6
Addnode Group has a total shareholder equity of SEK2.3B and total debt of SEK1.8B, which brings its debt-to-equity ratio to 78.1%. Its total assets and total liabilities are SEK8.0B and SEK5.8B respectively. Addnode Group's EBIT is SEK464.0M making its interest coverage ratio 6.2. It has cash and short-term investments of SEK968.0M.
Key information
78.1%
Debt to equity ratio
kr1.78b
Debt
Interest coverage ratio | 6.2x |
Cash | kr968.00m |
Equity | kr2.28b |
Total liabilities | kr5.76b |
Total assets | kr8.04b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 0GMG's short term assets (SEK3.5B) exceed its short term liabilities (SEK3.4B).
Long Term Liabilities: 0GMG's short term assets (SEK3.5B) exceed its long term liabilities (SEK2.3B).
Debt to Equity History and Analysis
Debt Level: 0GMG's net debt to equity ratio (35.7%) is considered satisfactory.
Reducing Debt: 0GMG's debt to equity ratio has increased from 44.8% to 78.1% over the past 5 years.
Debt Coverage: 0GMG's debt is well covered by operating cash flow (33.5%).
Interest Coverage: 0GMG's interest payments on its debt are well covered by EBIT (6.2x coverage).