Magle Chemoswed Holding Balance Sheet Health
Financial Health criteria checks 5/6
Magle Chemoswed Holding has a total shareholder equity of SEK158.2M and total debt of SEK52.5M, which brings its debt-to-equity ratio to 33.2%. Its total assets and total liabilities are SEK273.0M and SEK114.7M respectively. Magle Chemoswed Holding's EBIT is SEK18.4M making its interest coverage ratio 6.3. It has cash and short-term investments of SEK7.1M.
Key information
33.2%
Debt to equity ratio
kr52.50m
Debt
| Interest coverage ratio | 6.3x |
| Cash | kr7.08m |
| Equity | kr158.23m |
| Total liabilities | kr114.75m |
| Total assets | kr272.97m |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: MAGLE's short term assets (SEK79.2M) exceed its short term liabilities (SEK68.3M).
Long Term Liabilities: MAGLE's short term assets (SEK79.2M) exceed its long term liabilities (SEK46.4M).
Debt to Equity History and Analysis
Debt Level: MAGLE's net debt to equity ratio (28.7%) is considered satisfactory.
Reducing Debt: MAGLE's debt to equity ratio has increased from 4.1% to 33.2% over the past 5 years.
Debt Coverage: MAGLE's debt is well covered by operating cash flow (29.2%).
Interest Coverage: MAGLE's interest payments on its debt are well covered by EBIT (6.3x coverage).