Vitec Software Group Balance Sheet Health
Financial Health criteria checks 2/6
Vitec Software Group has a total shareholder equity of SEK3.6B and total debt of SEK2.2B, which brings its debt-to-equity ratio to 61.1%. Its total assets and total liabilities are SEK8.5B and SEK4.8B respectively. Vitec Software Group's EBIT is SEK617.0M making its interest coverage ratio 5.8. It has cash and short-term investments of SEK640.0M.
Key information
61.1%
Debt to equity ratio
kr2.22b
Debt
Interest coverage ratio | 5.8x |
Cash | kr639.99m |
Equity | kr3.62b |
Total liabilities | kr4.83b |
Total assets | kr8.46b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 0RDI's short term assets (SEK1.1B) do not cover its short term liabilities (SEK1.4B).
Long Term Liabilities: 0RDI's short term assets (SEK1.1B) do not cover its long term liabilities (SEK3.5B).
Debt to Equity History and Analysis
Debt Level: 0RDI's net debt to equity ratio (43.5%) is considered high.
Reducing Debt: 0RDI's debt to equity ratio has increased from 40.8% to 61.1% over the past 5 years.
Debt Coverage: 0RDI's debt is well covered by operating cash flow (41.7%).
Interest Coverage: 0RDI's interest payments on its debt are well covered by EBIT (5.8x coverage).