Neobo Fastigheter Balance Sheet Health
Financial Health criteria checks 1/6
Neobo Fastigheter has a total shareholder equity of SEK6.4B and total debt of SEK7.2B, which brings its debt-to-equity ratio to 112.2%. Its total assets and total liabilities are SEK14.2B and SEK7.8B respectively. Neobo Fastigheter's EBIT is SEK357.0M making its interest coverage ratio 0.8. It has cash and short-term investments of SEK118.0M.
Key information
112.2%
Debt to equity ratio
kr7.16b
Debt
| Interest coverage ratio | 0.8x |
| Cash | kr118.00m |
| Equity | kr6.38b |
| Total liabilities | kr7.81b |
| Total assets | kr14.19b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: NEOBO's short term assets (SEK182.0M) do not cover its short term liabilities (SEK477.0M).
Long Term Liabilities: NEOBO's short term assets (SEK182.0M) do not cover its long term liabilities (SEK7.3B).
Debt to Equity History and Analysis
Debt Level: NEOBO's net debt to equity ratio (110.3%) is considered high.
Reducing Debt: NEOBO's debt to equity ratio has reduced from 195.1% to 112.2% over the past 5 years.
Debt Coverage: NEOBO's debt is not well covered by operating cash flow (1.9%).
Interest Coverage: NEOBO's interest payments on its debt are not well covered by EBIT (0.8x coverage).