Absolent Air Care Group Balance Sheet Health
Financial Health criteria checks 6/6
Absolent Air Care Group has a total shareholder equity of SEK903.0M and total debt of SEK363.1M, which brings its debt-to-equity ratio to 40.2%. Its total assets and total liabilities are SEK1.6B and SEK733.1M respectively. Absolent Air Care Group's EBIT is SEK198.7M making its interest coverage ratio 5.1. It has cash and short-term investments of SEK220.7M.
Key information
40.2%
Debt to equity ratio
SEK 363.15m
Debt
| Interest coverage ratio | 5.1x |
| Cash | SEK 220.71m |
| Equity | SEK 903.03m |
| Total liabilities | SEK 733.14m |
| Total assets | SEK 1.64b |
Recent financial health updates
Absolent Air Care Group (STO:ABSO) Has A Rock Solid Balance Sheet
Sep 14
Does Absolent Air Care Group (STO:ABSO) Have A Healthy Balance Sheet?
May 10Is Absolent Air Care Group (STO:ABSO) Using Too Much Debt?
May 19Here's Why Absolent Air Care Group (STO:ABSO) Can Manage Its Debt Responsibly
Oct 12We Think Absolent Group (STO:ABSO) Has A Fair Chunk Of Debt
May 02We Think Absolent Group (STO:ABSO) Has A Fair Chunk Of Debt
Jan 19Recent updates
It's Down 27% But Absolent Air Care Group AB (publ) (STO:ABSO) Could Be Riskier Than It Looks
Nov 27Shareholders Will Probably Hold Off On Increasing Absolent Air Care Group AB (publ)'s (STO:ABSO) CEO Compensation For The Time Being
May 09Absolent Air Care Group (STO:ABSO) Is Increasing Its Dividend To SEK3.00
May 02Absolent Air Care Group (STO:ABSO) Will Pay A Larger Dividend Than Last Year At SEK3.00
Apr 18Absolent Air Care Group's (STO:ABSO) Dividend Will Be Increased To SEK3.00
Apr 04Absolent Air Care Group (STO:ABSO) Is Increasing Its Dividend To SEK3.00
Mar 16Absolent Air Care Group (STO:ABSO) Has A Rock Solid Balance Sheet
Sep 14Does Absolent Air Care Group (STO:ABSO) Have A Healthy Balance Sheet?
May 10Absolent Air Care Group AB (publ) Just Missed EPS By 8.0%: Here's What Analysts Think Will Happen Next
Feb 25Is Absolent Air Care Group (STO:ABSO) Using Too Much Debt?
May 19Here's Why Absolent Air Care Group (STO:ABSO) Can Manage Its Debt Responsibly
Oct 12Absolent Air Care Group's (STO:ABSO) Solid Earnings Have Been Accounted For Conservatively
Aug 25We Think Absolent Group (STO:ABSO) Has A Fair Chunk Of Debt
May 02We Think Absolent Group (STO:ABSO) Has A Fair Chunk Of Debt
Jan 19The Absolent Group (STO:ABSO) Share Price Is Up 234% And Shareholders Are Boasting About It
Nov 28Financial Position Analysis
Short Term Liabilities: ABSO's short term assets (SEK694.9M) exceed its short term liabilities (SEK252.0M).
Long Term Liabilities: ABSO's short term assets (SEK694.9M) exceed its long term liabilities (SEK481.2M).
Debt to Equity History and Analysis
Debt Level: ABSO's net debt to equity ratio (15.8%) is considered satisfactory.
Reducing Debt: ABSO's debt to equity ratio has reduced from 72.2% to 40.2% over the past 5 years.
Debt Coverage: ABSO's debt is well covered by operating cash flow (48.4%).
Interest Coverage: ABSO's interest payments on its debt are well covered by EBIT (5.1x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/24 03:26 |
| End of Day Share Price | 2024/12/23 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Absolent Air Care Group AB (publ) is covered by 2 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Carl Ragnerstam | Nordea Markets |
| Henrik Alveskog | Redeye |