Absolent Air Care Group Balance Sheet Health
Financial Health criteria checks 5/6
Absolent Air Care Group has a total shareholder equity of SEK883.3M and total debt of SEK419.0M, which brings its debt-to-equity ratio to 47.4%. Its total assets and total liabilities are SEK1.7B and SEK810.9M respectively. Absolent Air Care Group's EBIT is SEK218.0M making its interest coverage ratio 6.8. It has cash and short-term investments of SEK258.2M.
Key information
47.4%
Debt to equity ratio
SEK 419.04m
Debt
Interest coverage ratio | 6.8x |
Cash | SEK 258.20m |
Equity | SEK 883.32m |
Total liabilities | SEK 810.95m |
Total assets | SEK 1.69b |
Recent financial health updates
Absolent 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 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
Shareholders 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 (SEK736.1M) exceed its short term liabilities (SEK268.3M).
Long Term Liabilities: ABSO's short term assets (SEK736.1M) exceed its long term liabilities (SEK542.7M).
Debt to Equity History and Analysis
Debt Level: ABSO's net debt to equity ratio (18.2%) is considered satisfactory.
Reducing Debt: ABSO's debt to equity ratio has increased from 25.1% to 47.4% over the past 5 years.
Debt Coverage: ABSO's debt is well covered by operating cash flow (50.1%).
Interest Coverage: ABSO's interest payments on its debt are well covered by EBIT (6.8x coverage).