Solnaberg Property Balance Sheet Health
Financial Health criteria checks 0/6
Solnaberg Property has a total shareholder equity of SEK151.2M and total debt of SEK550.0M, which brings its debt-to-equity ratio to 363.8%. Its total assets and total liabilities are SEK751.1M and SEK599.9M respectively. Solnaberg Property's EBIT is SEK21.2M making its interest coverage ratio 0.9. It has cash and short-term investments of SEK18.9M.
Key information
363.8%
Debt to equity ratio
kr550.00m
Debt
Interest coverage ratio | 0.9x |
Cash | kr18.92m |
Equity | kr151.18m |
Total liabilities | kr599.93m |
Total assets | kr751.11m |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: SOLNA's short term assets (SEK20.7M) do not cover its short term liabilities (SEK30.6M).
Long Term Liabilities: SOLNA's short term assets (SEK20.7M) do not cover its long term liabilities (SEK569.3M).
Debt to Equity History and Analysis
Debt Level: SOLNA's net debt to equity ratio (351.3%) is considered high.
Reducing Debt: SOLNA's debt to equity ratio has increased from 167.3% to 363.8% over the past 5 years.
Debt Coverage: SOLNA's debt is not well covered by operating cash flow (4.3%).
Interest Coverage: SOLNA's interest payments on its debt are not well covered by EBIT (0.9x coverage).