Magle Chemoswed Holding Balance Sheet Health
Financial Health criteria checks 3/6
Magle Chemoswed Holding has a total shareholder equity of SEK487.2M and total debt of SEK123.6M, which brings its debt-to-equity ratio to 25.4%. Its total assets and total liabilities are SEK857.2M and SEK370.0M respectively. Magle Chemoswed Holding's EBIT is SEK25.5M making its interest coverage ratio 4.3. It has cash and short-term investments of SEK7.3M.
Key information
25.4%
Debt to equity ratio
SEK 123.59m
Debt
| Interest coverage ratio | 4.3x |
| Cash | SEK 7.26m |
| Equity | SEK 487.19m |
| Total liabilities | SEK 370.02m |
| Total assets | SEK 857.20m |
Recent financial health updates
Recent updates
Magle Chemoswed Holding's (STO:MAGLE) Earnings Are Weaker Than They Seem
Nov 04
Market Participants Recognise Magle Chemoswed Holding AB (publ)'s (STO:MAGLE) Earnings Pushing Shares 37% Higher
Jun 26Magle Chemoswed Holding (STO:MAGLE) Has A Pretty Healthy Balance Sheet
Jun 19Magle Chemoswed Holding's (STO:MAGLE) Earnings Are Of Questionable Quality
Apr 26Earnings Tell The Story For Magle Chemoswed Holding AB (publ) (STO:MAGLE) As Its Stock Soars 28%
Mar 29Magle Chemoswed Holding AB (publ)'s (STO:MAGLE) Price In Tune With Earnings
Oct 05Should You Be Impressed By Magle Chemoswed Holding AB (publ)'s (STO:MAGLE) ROE?
Jan 22Financial Position Analysis
Short Term Liabilities: MAGLE's short term assets (SEK206.2M) do not cover its short term liabilities (SEK213.4M).
Long Term Liabilities: MAGLE's short term assets (SEK206.2M) exceed its long term liabilities (SEK156.6M).
Debt to Equity History and Analysis
Debt Level: MAGLE's net debt to equity ratio (23.9%) is considered satisfactory.
Reducing Debt: MAGLE's debt to equity ratio has increased from 15% to 25.4% over the past 5 years.
Debt Coverage: MAGLE's debt is not well covered by operating cash flow (10.6%).
Interest Coverage: MAGLE's interest payments on its debt are well covered by EBIT (4.3x coverage).