Proact IT Group Balance Sheet Health
Financial Health criteria checks 6/6
Proact IT Group has a total shareholder equity of SEK1.0B and total debt of SEK221.9M, which brings its debt-to-equity ratio to 22%. Its total assets and total liabilities are SEK4.0B and SEK3.0B respectively. Proact IT Group's EBIT is SEK249.4M making its interest coverage ratio 14.5. It has cash and short-term investments of SEK547.9M.
Key information
22.0%
Debt to equity ratio
kr221.92m
Debt
Interest coverage ratio | 14.5x |
Cash | kr547.90m |
Equity | kr1.01b |
Total liabilities | kr3.04b |
Total assets | kr4.04b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 0GT3's short term assets (SEK2.0B) exceed its short term liabilities (SEK1.8B).
Long Term Liabilities: 0GT3's short term assets (SEK2.0B) exceed its long term liabilities (SEK1.2B).
Debt to Equity History and Analysis
Debt Level: 0GT3 has more cash than its total debt.
Reducing Debt: 0GT3's debt to equity ratio has reduced from 24.2% to 22% over the past 5 years.
Debt Coverage: 0GT3's debt is well covered by operating cash flow (239.7%).
Interest Coverage: 0GT3's interest payments on its debt are well covered by EBIT (14.5x coverage).