Norditek Group Balance Sheet Health
Financial Health criteria checks 4/6
Norditek Group has a total shareholder equity of SEK71.9M and total debt of SEK38.2M, which brings its debt-to-equity ratio to 53.1%. Its total assets and total liabilities are SEK143.3M and SEK71.4M respectively. Norditek Group's EBIT is SEK4.9M making its interest coverage ratio 1.4. It has cash and short-term investments of SEK11.1M.
Key information
53.1%
Debt to equity ratio
SEK 38.23m
Debt
| Interest coverage ratio | 1.4x |
| Cash | SEK 11.09m |
| Equity | SEK 71.94m |
| Total liabilities | SEK 71.40m |
| Total assets | SEK 143.34m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: NOTEK's short term assets (SEK115.4M) exceed its short term liabilities (SEK34.6M).
Long Term Liabilities: NOTEK's short term assets (SEK115.4M) exceed its long term liabilities (SEK36.8M).
Debt to Equity History and Analysis
Debt Level: NOTEK's net debt to equity ratio (37.7%) is considered satisfactory.
Reducing Debt: Insufficient data to determine if NOTEK's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: NOTEK's debt is well covered by operating cash flow (59%).
Interest Coverage: NOTEK's interest payments on its debt are not well covered by EBIT (1.4x coverage).