Drillcon Balance Sheet Health
Financial Health criteria checks 6/6
Drillcon has a total shareholder equity of SEK164.8M and total debt of SEK69.1M, which brings its debt-to-equity ratio to 41.9%. Its total assets and total liabilities are SEK349.0M and SEK184.2M respectively. Drillcon's EBIT is SEK34.6M making its interest coverage ratio 8. It has cash and short-term investments of SEK56.5M.
Key information
41.9%
Debt to equity ratio
kr69.06m
Debt
| Interest coverage ratio | 8x |
| Cash | kr56.46m |
| Equity | kr164.80m |
| Total liabilities | kr184.24m |
| Total assets | kr349.04m |
Recent financial health updates
Is Drillcon (STO:DRIL) Using Too Much Debt?
Dec 13
Is Drillcon (STO:DRIL) Using Too Much Debt?
Aug 01We Think Drillcon (STO:DRIL) Has A Fair Chunk Of Debt
Jan 14Here's Why Drillcon (STO:DRIL) Can Afford Some Debt
Sep 20Is Drillcon (STO:DRIL) Using Too Much Debt?
Feb 15Recent updates
Is Drillcon (STO:DRIL) Using Too Much Debt?
Dec 13Is Drillcon (STO:DRIL) Using Too Much Debt?
Aug 01Drillcon (STO:DRIL) Is Finding It Tricky To Allocate Its Capital
Jul 04We Think Drillcon (STO:DRIL) Has A Fair Chunk Of Debt
Jan 14Here's Why Drillcon (STO:DRIL) Can Afford Some Debt
Sep 20Drillcon (STO:DRIL) Will Want To Turn Around Its Return Trends
Dec 29Drillcon (STO:DRIL) Could Be Struggling To Allocate Capital
Aug 16A Look At The Fair Value Of Drillcon AB (publ) (STO:DRIL)
May 29We Like These Underlying Return On Capital Trends At Drillcon (STO:DRIL)
May 05Is Drillcon AB (publ)'s (STO:DRIL) Latest Stock Performance A Reflection Of Its Financial Health?
Mar 14Is Drillcon (STO:DRIL) Using Too Much Debt?
Feb 15Returns On Capital - An Important Metric For Drillcon (STO:DRIL)
Jan 20Is Weakness In Drillcon AB (publ) (STO:DRIL) Stock A Sign That The Market Could be Wrong Given Its Strong Financial Prospects?
Dec 13Financial Position Analysis
Short Term Liabilities: DRIL's short term assets (SEK212.5M) exceed its short term liabilities (SEK116.2M).
Long Term Liabilities: DRIL's short term assets (SEK212.5M) exceed its long term liabilities (SEK68.0M).
Debt to Equity History and Analysis
Debt Level: DRIL's net debt to equity ratio (7.6%) is considered satisfactory.
Reducing Debt: DRIL's debt to equity ratio has reduced from 43% to 41.9% over the past 5 years.
Debt Coverage: DRIL's debt is well covered by operating cash flow (106.4%).
Interest Coverage: DRIL's interest payments on its debt are well covered by EBIT (8x coverage).