Solnaberg Property Balance Sheet Health
Financial Health criteria checks 0/6
Solnaberg Property has a total shareholder equity of SEK128.8M and total debt of SEK550.0M, which brings its debt-to-equity ratio to 426.9%. Its total assets and total liabilities are SEK746.0M and SEK617.2M respectively. Solnaberg Property's EBIT is SEK25.4M making its interest coverage ratio 1. It has cash and short-term investments of SEK28.6M.
Key information
426.9%
Debt to equity ratio
SEK 550.00m
Debt
| Interest coverage ratio | 1x |
| Cash | SEK 28.60m |
| Equity | SEK 128.83m |
| Total liabilities | SEK 617.15m |
| Total assets | SEK 745.99m |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: SOLNA's short term assets (SEK32.6M) do not cover its short term liabilities (SEK47.5M).
Long Term Liabilities: SOLNA's short term assets (SEK32.6M) do not cover its long term liabilities (SEK569.6M).
Debt to Equity History and Analysis
Debt Level: SOLNA's net debt to equity ratio (404.7%) is considered high.
Reducing Debt: SOLNA's debt to equity ratio has increased from 191.5% to 426.9% over the past 5 years.
Debt Coverage: SOLNA's debt is not well covered by operating cash flow (8.9%).
Interest Coverage: SOLNA's interest payments on its debt are not well covered by EBIT (1x coverage).