Magle Chemoswed Holding Balance Sheet Health
Financial Health criteria checks 5/6
Magle Chemoswed Holding has a total shareholder equity of SEK161.4M and total debt of SEK58.7M, which brings its debt-to-equity ratio to 36.3%. Its total assets and total liabilities are SEK290.7M and SEK129.3M respectively. Magle Chemoswed Holding's EBIT is SEK18.3M making its interest coverage ratio 6.5. It has cash and short-term investments of SEK6.0M.
Key information
36.3%
Debt to equity ratio
SEK 58.65m
Debt
| Interest coverage ratio | 6.5x |
| Cash | SEK 6.01m |
| Equity | SEK 161.42m |
| Total liabilities | SEK 129.27m |
| Total assets | SEK 290.69m |
Recent financial health updates
Recent updates
Market Participants Recognise Magle Chemoswed Holding AB (publ)'s (STO:MAGLE) Earnings Pushing Shares 37% Higher
Jun 26
Magle 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 (SEK82.9M) exceed its short term liabilities (SEK78.3M).
Long Term Liabilities: MAGLE's short term assets (SEK82.9M) exceed its long term liabilities (SEK51.0M).
Debt to Equity History and Analysis
Debt Level: MAGLE's net debt to equity ratio (32.6%) is considered satisfactory.
Reducing Debt: MAGLE's debt to equity ratio has increased from 9.4% to 36.3% over the past 5 years.
Debt Coverage: MAGLE's debt is well covered by operating cash flow (30.5%).
Interest Coverage: MAGLE's interest payments on its debt are well covered by EBIT (6.5x coverage).