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Modern Ekonomi Sverige Holding Balance Sheet Health
Financial Health criteria checks 3/6
Modern Ekonomi Sverige Holding has a total shareholder equity of SEK12.2M and total debt of SEK18.4M, which brings its debt-to-equity ratio to 151%. Its total assets and total liabilities are SEK56.1M and SEK43.9M respectively. Modern Ekonomi Sverige Holding's EBIT is SEK3.8M making its interest coverage ratio 68.8. It has cash and short-term investments of SEK808.0K.
Key information
151.0%
Debt to equity ratio
kr18.36m
Debt
| Interest coverage ratio | 68.8x |
| Cash | kr808.00k |
| Equity | kr12.16m |
| Total liabilities | kr43.93m |
| Total assets | kr56.09m |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: ME's short term assets (SEK51.5M) exceed its short term liabilities (SEK43.9M).
Long Term Liabilities: ME has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: ME's net debt to equity ratio (144.4%) is considered high.
Reducing Debt: ME's debt to equity ratio has increased from 125.9% to 151% over the past 5 years.
Debt Coverage: ME's debt is not well covered by operating cash flow (1.7%).
Interest Coverage: ME's interest payments on its debt are well covered by EBIT (68.8x coverage).