AB SKF Balance Sheet Health
Financial Health criteria checks 6/6
AB SKF has a total shareholder equity of SEK60.1B and total debt of SEK19.8B, which brings its debt-to-equity ratio to 33%. Its total assets and total liabilities are SEK119.4B and SEK59.2B respectively. AB SKF's EBIT is SEK10.7B making its interest coverage ratio 49.6. It has cash and short-term investments of SEK14.5B.
Key information
33.0%
Debt to equity ratio
kr19.83b
Debt
Interest coverage ratio | 49.6x |
Cash | kr14.50b |
Equity | kr60.14b |
Total liabilities | kr59.24b |
Total assets | kr119.39b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SKF A's short term assets (SEK64.4B) exceed its short term liabilities (SEK28.9B).
Long Term Liabilities: SKF A's short term assets (SEK64.4B) exceed its long term liabilities (SEK30.3B).
Debt to Equity History and Analysis
Debt Level: SKF A's net debt to equity ratio (8.9%) is considered satisfactory.
Reducing Debt: SKF A's debt to equity ratio has reduced from 55.1% to 33% over the past 5 years.
Debt Coverage: SKF A's debt is well covered by operating cash flow (64.6%).
Interest Coverage: SKF A's interest payments on its debt are well covered by EBIT (49.6x coverage).