ABAS Protect Balance Sheet Health
Financial Health criteria checks 4/6
ABAS Protect has a total shareholder equity of SEK43.2M and total debt of SEK28.4M, which brings its debt-to-equity ratio to 65.9%. Its total assets and total liabilities are SEK89.6M and SEK46.5M respectively. ABAS Protect's EBIT is SEK4.7M making its interest coverage ratio 13.8. It has cash and short-term investments of SEK425.0K.
Key information
65.9%
Debt to equity ratio
SEK 28.45m
Debt
| Interest coverage ratio | 13.8x |
| Cash | SEK 425.00k |
| Equity | SEK 43.19m |
| Total liabilities | SEK 46.46m |
| Total assets | SEK 89.65m |
Financial Position Analysis
Short Term Liabilities: ABAS's short term assets (SEK50.7M) exceed its short term liabilities (SEK17.9M).
Long Term Liabilities: ABAS's short term assets (SEK50.7M) exceed its long term liabilities (SEK28.6M).
Debt to Equity History and Analysis
Debt Level: ABAS's net debt to equity ratio (64.9%) is considered high.
Reducing Debt: ABAS's debt to equity ratio has reduced from 225.2% to 65.9% over the past 5 years.
Debt Coverage: ABAS's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: ABAS's interest payments on its debt are well covered by EBIT (13.8x coverage).