Volvo Car AB (publ.) Balance Sheet Health
Financial Health criteria checks 5/6
Volvo Car AB (publ.) has a total shareholder equity of SEK134.2B and total debt of SEK31.5B, which brings its debt-to-equity ratio to 23.5%. Its total assets and total liabilities are SEK369.6B and SEK235.4B respectively. Volvo Car AB (publ.)'s EBIT is SEK27.6B making its interest coverage ratio -37.7. It has cash and short-term investments of SEK46.1B.
Key information
23.5%
Debt to equity ratio
kr31.52b
Debt
Interest coverage ratio | -37.7x |
Cash | kr46.06b |
Equity | kr134.18b |
Total liabilities | kr235.44b |
Total assets | kr369.62b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: VOLCAR IL B's short term assets (SEK162.3B) do not cover its short term liabilities (SEK174.6B).
Long Term Liabilities: VOLCAR IL B's short term assets (SEK162.3B) exceed its long term liabilities (SEK60.8B).
Debt to Equity History and Analysis
Debt Level: VOLCAR IL B has more cash than its total debt.
Reducing Debt: VOLCAR IL B's debt to equity ratio has reduced from 43.9% to 23.5% over the past 5 years.
Debt Coverage: VOLCAR IL B's debt is well covered by operating cash flow (140.6%).
Interest Coverage: VOLCAR IL B earns more interest than it pays, so coverage of interest payments is not a concern.