Gränges Balance Sheet Health
Financial Health criteria checks 6/6
Gränges has a total shareholder equity of SEK9.4B and total debt of SEK4.0B, which brings its debt-to-equity ratio to 42.5%. Its total assets and total liabilities are SEK18.7B and SEK9.3B respectively. Gränges's EBIT is SEK1.5B making its interest coverage ratio 6.7. It has cash and short-term investments of SEK1.2B.
Key information
42.5%
Debt to equity ratio
SEK 4.00b
Debt
| Interest coverage ratio | 6.7x |
| Cash | SEK 1.16b |
| Equity | SEK 9.42b |
| Total liabilities | SEK 9.31b |
| Total assets | SEK 18.73b |
Recent financial health updates
Does Gränges (STO:GRNG) Have A Healthy Balance Sheet?
Sep 26
These 4 Measures Indicate That Gränges (STO:GRNG) Is Using Debt Extensively
May 26Is Gränges (STO:GRNG) A Risky Investment?
Feb 19We Think Gränges (STO:GRNG) Can Stay On Top Of Its Debt
Oct 14Recent updates
Analyst Estimates: Here's What Brokers Think Of Gränges AB (publ) (STO:GRNG) After Its Third-Quarter Report
Oct 27Does Gränges (STO:GRNG) Have A Healthy Balance Sheet?
Sep 26Returns On Capital At Gränges (STO:GRNG) Paint A Concerning Picture
Aug 23These 4 Measures Indicate That Gränges (STO:GRNG) Is Using Debt Extensively
May 26Gränges (STO:GRNG) Is Paying Out A Larger Dividend Than Last Year
Apr 22Gränges (STO:GRNG) Is Increasing Its Dividend To kr2.25
Apr 07Gränges (STO:GRNG) Has Some Way To Go To Become A Multi-Bagger
Mar 21Is Gränges (STO:GRNG) A Risky Investment?
Feb 19Gränges' (STO:GRNG) Returns Have Hit A Wall
Nov 09We Think Gränges (STO:GRNG) Can Stay On Top Of Its Debt
Oct 14Financial Position Analysis
Short Term Liabilities: GRNG's short term assets (SEK8.4B) exceed its short term liabilities (SEK5.9B).
Long Term Liabilities: GRNG's short term assets (SEK8.4B) exceed its long term liabilities (SEK3.4B).
Debt to Equity History and Analysis
Debt Level: GRNG's net debt to equity ratio (30.2%) is considered satisfactory.
Reducing Debt: GRNG's debt to equity ratio has reduced from 85.9% to 42.5% over the past 5 years.
Debt Coverage: GRNG's debt is well covered by operating cash flow (53.6%).
Interest Coverage: GRNG's interest payments on its debt are well covered by EBIT (6.7x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/22 01:07 |
| End of Day Share Price | 2024/12/20 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
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.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* 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
Gränges AB (publ) is covered by 8 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Olof Grenmark | ABG Sundal Collier |
| Kenneth Toll Johansson | Carnegie Investment Bank AB |
| Oskar Lindstrom | Danske Bank |