ABAS Protect Balance Sheet Health
Financial Health criteria checks 4/6
ABAS Protect has a total shareholder equity of SEK40.0M and total debt of SEK22.8M, which brings its debt-to-equity ratio to 57.1%. Its total assets and total liabilities are SEK79.2M and SEK39.2M respectively. ABAS Protect's EBIT is SEK6.8M making its interest coverage ratio 11.4. It has cash and short-term investments of SEK281.0K.
Key information
57.1%
Debt to equity ratio
kr22.79m
Debt
| Interest coverage ratio | 11.4x |
| Cash | kr281.00k |
| Equity | kr39.95m |
| Total liabilities | kr39.24m |
| Total assets | kr79.20m |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: ABAS's short term assets (SEK41.6M) exceed its short term liabilities (SEK17.5M).
Long Term Liabilities: ABAS's short term assets (SEK41.6M) exceed its long term liabilities (SEK21.7M).
Debt to Equity History and Analysis
Debt Level: ABAS's net debt to equity ratio (56.3%) is considered high.
Reducing Debt: ABAS's debt to equity ratio has reduced from 174.2% to 57.1% over the past 5 years.
Debt Coverage: ABAS's debt is not well covered by operating cash flow (10.7%).
Interest Coverage: ABAS's interest payments on its debt are well covered by EBIT (11.4x coverage).