AB K2 LT Balance Sheet Health
Financial Health criteria checks 6/6
AB K2 LT has a total shareholder equity of €5.3M and total debt of €30.3K, which brings its debt-to-equity ratio to 0.6%. Its total assets and total liabilities are €5.6M and €313.4K respectively. AB K2 LT's EBIT is €666.9K making its interest coverage ratio -273. It has cash and short-term investments of €1.1M.
Key information
0.6%
Debt to equity ratio
€30.26k
Debt
| Interest coverage ratio | -273x |
| Cash | €1.15m |
| Equity | €5.27m |
| Total liabilities | €313.37k |
| Total assets | €5.58m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: K2LT's short term assets (€1.4M) exceed its short term liabilities (€251.5K).
Long Term Liabilities: K2LT's short term assets (€1.4M) exceed its long term liabilities (€61.8K).
Debt to Equity History and Analysis
Debt Level: K2LT has more cash than its total debt.
Reducing Debt: K2LT's debt to equity ratio has reduced from 47.4% to 0.6% over the past 5 years.
Debt Coverage: K2LT's debt is well covered by operating cash flow (3224.2%).
Interest Coverage: K2LT earns more interest than it pays, so coverage of interest payments is not a concern.