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 SEK503.7M, which brings its debt-to-equity ratio to 45.1%. Its total assets and total liabilities are SEK4.2B and SEK3.1B respectively. Proact IT Group's EBIT is SEK309.4M making its interest coverage ratio 20.6. It has cash and short-term investments of SEK652.1M.
Key information
45.1%
Debt to equity ratio
SEK 503.70m
Debt
| Interest coverage ratio | 20.6x |
| Cash | SEK 652.10m |
| Equity | SEK 1.12b |
| Total liabilities | SEK 3.10b |
| Total assets | SEK 4.21b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 0GT3's short term assets (SEK2.1B) exceed its short term liabilities (SEK1.8B).
Long Term Liabilities: 0GT3's short term assets (SEK2.1B) exceed its long term liabilities (SEK1.3B).
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 increased from 23.6% to 45.1% over the past 5 years.
Debt Coverage: 0GT3's debt is well covered by operating cash flow (110.6%).
Interest Coverage: 0GT3's interest payments on its debt are well covered by EBIT (20.6x coverage).