Careium Balance Sheet Health
Financial Health criteria checks 5/6
Careium has a total shareholder equity of SEK648.5M and total debt of SEK207.0M, which brings its debt-to-equity ratio to 31.9%. Its total assets and total liabilities are SEK1.0B and SEK399.5M respectively. Careium's EBIT is SEK74.1M making its interest coverage ratio 3.7. It has cash and short-term investments of SEK29.0M.
Key information
31.9%
Debt to equity ratio
SEK 207.00m
Debt
| Interest coverage ratio | 3.7x |
| Cash | SEK 29.00m |
| Equity | SEK 648.50m |
| Total liabilities | SEK 399.50m |
| Total assets | SEK 1.05b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: CARE's short term assets (SEK292.9M) exceed its short term liabilities (SEK192.4M).
Long Term Liabilities: CARE's short term assets (SEK292.9M) exceed its long term liabilities (SEK207.1M).
Debt to Equity History and Analysis
Debt Level: CARE's net debt to equity ratio (27.4%) is considered satisfactory.
Reducing Debt: Insufficient data to determine if CARE's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: CARE's debt is well covered by operating cash flow (53.9%).
Interest Coverage: CARE's interest payments on its debt are well covered by EBIT (3.7x coverage).