Fortinova Fastigheter Balance Sheet Health
Financial Health criteria checks 1/6
Fortinova Fastigheter has a total shareholder equity of SEK2.3B and total debt of SEK2.7B, which brings its debt-to-equity ratio to 118.3%. Its total assets and total liabilities are SEK5.3B and SEK3.0B respectively. Fortinova Fastigheter's EBIT is SEK193.5M making its interest coverage ratio 1.7. It has cash and short-term investments of SEK239.0M.
Key information
118.3%
Debt to equity ratio
SEK 2.70b
Debt
| Interest coverage ratio | 1.7x |
| Cash | SEK 239.00m |
| Equity | SEK 2.28b |
| Total liabilities | SEK 2.99b |
| Total assets | SEK 5.27b |
Recent financial health updates
Recent updates
There May Be Underlying Issues With The Quality Of Fortinova Fastigheter's (STO:FNOVA B) Earnings
Mar 07
Here's Why Fortinova Fastigheter (STO:FNOVA B) Has A Meaningful Debt Burden
May 09Fortinova Fastigheter AB (Publ)'s (STO:FNOVA B) Business And Shares Still Trailing The Market
Nov 12Fortinova Fastigheter's (STO:FNOVA B) Promising Earnings May Rest On Soft Foundations
Apr 25Financial Position Analysis
Short Term Liabilities: FNOVA B's short term assets (SEK347.4M) do not cover its short term liabilities (SEK1.1B).
Long Term Liabilities: FNOVA B's short term assets (SEK347.4M) do not cover its long term liabilities (SEK1.8B).
Debt to Equity History and Analysis
Debt Level: FNOVA B's net debt to equity ratio (107.8%) is considered high.
Reducing Debt: FNOVA B's debt to equity ratio has reduced from 125.1% to 118.3% over the past 5 years.
Debt Coverage: FNOVA B's debt is not well covered by operating cash flow (3.6%).
Interest Coverage: FNOVA B's interest payments on its debt are not well covered by EBIT (1.7x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/03/23 07:06 |
| End of Day Share Price | 2025/03/21 00:00 |
| Earnings | 2024/12/31 |
| Annual Earnings | 2024/12/31 |
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.
Analysis Model and Snowflake
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Industry and Sector Metrics
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Analyst Sources
Fortinova Fastigheter AB (Publ) is covered by 0 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.