Actic Group Balance Sheet Health
Financial Health criteria checks 2/6
Actic Group has a total shareholder equity of SEK163.4M and total debt of SEK380.6M, which brings its debt-to-equity ratio to 233%. Its total assets and total liabilities are SEK1.3B and SEK1.2B respectively. Actic Group's EBIT is SEK3.7M making its interest coverage ratio 0.1. It has cash and short-term investments of SEK35.7M.
Key information
233.0%
Debt to equity ratio
kr380.63m
Debt
| Interest coverage ratio | 0.08x |
| Cash | kr35.71m |
| Equity | kr163.36m |
| Total liabilities | kr1.16b |
| Total assets | kr1.33b |
Recent financial health updates
Actic Group (STO:ATIC) Takes On Some Risk With Its Use Of Debt
Sep 27
Does Actic Group (STO:ATIC) Have A Healthy Balance Sheet?
Jun 11Health Check: How Prudently Does Actic Group (STO:ATIC) Use Debt?
Feb 24Actic Group (STO:ATIC) Has Debt But No Earnings; Should You Worry?
Apr 15Does Actic Group (STO:ATIC) Have A Healthy Balance Sheet?
Dec 13Recent updates
Returns On Capital At Actic Group (STO:ATIC) Paint A Concerning Picture
Mar 06The Returns On Capital At Actic Group (STO:ATIC) Don't Inspire Confidence
Nov 03Actic Group (STO:ATIC) Takes On Some Risk With Its Use Of Debt
Sep 27Actic Group (STO:ATIC) Is Finding It Tricky To Allocate Its Capital
Jul 16Does Actic Group (STO:ATIC) Have A Healthy Balance Sheet?
Jun 11Improved Revenues Required Before Actic Group AB (publ) (STO:ATIC) Shares Find Their Feet
Apr 18Health Check: How Prudently Does Actic Group (STO:ATIC) Use Debt?
Feb 24Actic Group (STO:ATIC) Has Debt But No Earnings; Should You Worry?
Apr 15Does Actic Group (STO:ATIC) Have A Healthy Balance Sheet?
Dec 13Financial Position Analysis
Short Term Liabilities: ATIC's short term assets (SEK99.9M) do not cover its short term liabilities (SEK383.3M).
Long Term Liabilities: ATIC's short term assets (SEK99.9M) do not cover its long term liabilities (SEK779.1M).
Debt to Equity History and Analysis
Debt Level: ATIC's net debt to equity ratio (211.1%) is considered high.
Reducing Debt: ATIC's debt to equity ratio has increased from 230.2% to 233% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable ATIC has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: ATIC is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 3.2% per year.