AB Akola Group Balance Sheet Health
Financial Health criteria checks 4/6
AB Akola Group has a total shareholder equity of €312.3M and total debt of €266.9M, which brings its debt-to-equity ratio to 85.5%. Its total assets and total liabilities are €886.1M and €573.7M respectively. AB Akola Group's EBIT is €41.1M making its interest coverage ratio 2.1. It has cash and short-term investments of €16.0M.
Key information
85.5%
Debt to equity ratio
€266.90m
Debt
| Interest coverage ratio | 2.1x |
| Cash | €16.04m |
| Equity | €312.32m |
| Total liabilities | €573.74m |
| Total assets | €886.06m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: AKO1L's short term assets (€597.5M) exceed its short term liabilities (€465.7M).
Long Term Liabilities: AKO1L's short term assets (€597.5M) exceed its long term liabilities (€108.0M).
Debt to Equity History and Analysis
Debt Level: AKO1L's net debt to equity ratio (80.3%) is considered high.
Reducing Debt: AKO1L's debt to equity ratio has reduced from 86.3% to 85.5% over the past 5 years.
Debt Coverage: AKO1L's debt is well covered by operating cash flow (35.1%).
Interest Coverage: AKO1L's interest payments on its debt are not well covered by EBIT (2.1x coverage).