Nordrest Holding Balance Sheet Health
Financial Health criteria checks 5/6
Nordrest Holding has a total shareholder equity of SEK110.4M and total debt of SEK72.4M, which brings its debt-to-equity ratio to 65.6%. Its total assets and total liabilities are SEK622.0M and SEK511.6M respectively. Nordrest Holding's EBIT is SEK151.0M making its interest coverage ratio 21.1. It has cash and short-term investments of SEK136.7M.
Key information
65.6%
Debt to equity ratio
SEK 72.44m
Debt
| Interest coverage ratio | 21.1x |
| Cash | SEK 136.69m |
| Equity | SEK 110.38m |
| Total liabilities | SEK 511.64m |
| Total assets | SEK 622.02m |
Financial Position Analysis
Short Term Liabilities: NREST's short term assets (SEK508.8M) exceed its short term liabilities (SEK372.5M).
Long Term Liabilities: NREST's short term assets (SEK508.8M) exceed its long term liabilities (SEK139.2M).
Debt to Equity History and Analysis
Debt Level: NREST has more cash than its total debt.
Reducing Debt: Insufficient data to determine if NREST's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: NREST's debt is well covered by operating cash flow (137.4%).
Interest Coverage: NREST's interest payments on its debt are well covered by EBIT (21.1x coverage).