RaySearch Laboratories AB (publ)

OM:RAY B Stock Report

Market Cap: SEK 7.0b

RaySearch Laboratories Balance Sheet Health

Financial Health criteria checks 6/6

RaySearch Laboratories has a total shareholder equity of SEK810.7M and total debt of SEK0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are SEK2.0B and SEK1.2B respectively. RaySearch Laboratories's EBIT is SEK238.6M making its interest coverage ratio 117.5. It has cash and short-term investments of SEK425.0M.

Key information

0%

Debt to equity ratio

SEK 0

Debt

Interest coverage ratio117.5x
CashSEK 425.03m
EquitySEK 810.66m
Total liabilitiesSEK 1.20b
Total assetsSEK 2.02b

Recent financial health updates

Recent updates

RaySearch Laboratories AB (publ)'s (STO:RAY B) Shares Climb 28% But Its Business Is Yet to Catch Up

Nov 09
RaySearch Laboratories AB (publ)'s (STO:RAY B) Shares Climb 28% But Its Business Is Yet to Catch Up

RaySearch Laboratories AB (publ) (STO:RAY B) Stocks Shoot Up 28% But Its P/E Still Looks Reasonable

May 21
RaySearch Laboratories AB (publ) (STO:RAY B) Stocks Shoot Up 28% But Its P/E Still Looks Reasonable

The Returns At RaySearch Laboratories (STO:RAY B) Aren't Growing

May 11
The Returns At RaySearch Laboratories (STO:RAY B) Aren't Growing

RaySearch Laboratories (STO:RAY B) Will Want To Turn Around Its Return Trends

Oct 04
RaySearch Laboratories (STO:RAY B) Will Want To Turn Around Its Return Trends

Does RaySearch Laboratories (STO:RAY B) Have A Healthy Balance Sheet?

Jul 10
Does RaySearch Laboratories (STO:RAY B) Have A Healthy Balance Sheet?

Is RaySearch Laboratories (STO:RAY B) Using Too Much Debt?

Nov 17
Is RaySearch Laboratories (STO:RAY B) Using Too Much Debt?

One Forecaster Is Now More Bearish On RaySearch Laboratories AB (publ) (STO:RAY B) Than They Used To Be

Mar 15
One Forecaster Is Now More Bearish On RaySearch Laboratories AB (publ) (STO:RAY B) Than They Used To Be

Is RaySearch Laboratories (STO:RAY B) A Risky Investment?

Feb 22
Is RaySearch Laboratories (STO:RAY B) A Risky Investment?

Is RaySearch Laboratories (STO:RAY B) Using Debt In A Risky Way?

Nov 04
Is RaySearch Laboratories (STO:RAY B) Using Debt In A Risky Way?

Financial Position Analysis

Short Term Liabilities: RAY B's short term assets (SEK906.6M) exceed its short term liabilities (SEK699.7M).

Long Term Liabilities: RAY B's short term assets (SEK906.6M) exceed its long term liabilities (SEK505.1M).


Debt to Equity History and Analysis

Debt Level: RAY B is debt free.

Reducing Debt: RAY B has no debt compared to 5 years ago when its debt to equity ratio was 7.2%.

Debt Coverage: RAY B has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: RAY B has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/23 05:45
End of Day Share Price 2024/12/20 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

RaySearch Laboratories AB (publ) is covered by 5 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Kristofer Liljeberg-SvenssonCarnegie Investment Bank AB
Hans MählerDNB Markets
Hans MählerHandelsbanken Capital Markets