TopRight Nordic Balance Sheet Health
Financial Health criteria checks 2/6
TopRight Nordic has a total shareholder equity of SEK4.3M and total debt of SEK7.7M, which brings its debt-to-equity ratio to 179%. Its total assets and total liabilities are SEK81.1M and SEK76.8M respectively. TopRight Nordic's EBIT is SEK14.0M making its interest coverage ratio 34.7. It has cash and short-term investments of SEK1.7M.
Key information
179.0%
Debt to equity ratio
SEK 7.68m
Debt
| Interest coverage ratio | 34.7x |
| Cash | SEK 1.68m |
| Equity | SEK 4.29m |
| Total liabilities | SEK 76.79m |
| Total assets | SEK 81.08m |
Recent financial health updates
No updates
Recent updates
Investors Still Aren't Entirely Convinced By TopRight Nordic AB (publ)'s (NGM:TOPR) Revenues Despite 44% Price Jump
Mar 09
Calculating The Intrinsic Value Of TopRight Nordic AB (publ) (NGM:TOPR)
Aug 16Calculating The Fair Value Of TopRight Nordic AB (publ) (NGM:TOPR)
Apr 28Returns Are Gaining Momentum At TopRight Nordic (NGM:TOPR)
Sep 09Is There More Growth In Store For TopRight Nordic's (NGM:TOPR) Returns On Capital?
Mar 05Financial Position Analysis
Short Term Liabilities: TOPR's short term assets (SEK21.5M) do not cover its short term liabilities (SEK65.1M).
Long Term Liabilities: TOPR's short term assets (SEK21.5M) exceed its long term liabilities (SEK11.7M).
Debt to Equity History and Analysis
Debt Level: TOPR's net debt to equity ratio (139.8%) is considered high.
Reducing Debt: TOPR's debt to equity ratio has increased from 5.5% to 179% over the past 5 years.
Debt Coverage: TOPR's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: TOPR's interest payments on its debt are well covered by EBIT (34.7x coverage).