Tura Group Balance Sheet Health
Financial Health criteria checks 3/6
Tura Group has a total shareholder equity of SEK260.1M and total debt of SEK99.8M, which brings its debt-to-equity ratio to 38.4%. Its total assets and total liabilities are SEK496.4M and SEK236.3M respectively. Tura Group's EBIT is SEK12.7M making its interest coverage ratio 1.6. It has cash and short-term investments of SEK17.7M.
Key information
38.4%
Debt to equity ratio
SEK 99.83m
Debt
| Interest coverage ratio | 1.6x |
| Cash | SEK 17.65m |
| Equity | SEK 260.08m |
| Total liabilities | SEK 236.28m |
| Total assets | SEK 496.36m |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: TURA's short term assets (SEK448.6M) exceed its short term liabilities (SEK206.6M).
Long Term Liabilities: TURA's short term assets (SEK448.6M) exceed its long term liabilities (SEK29.7M).
Debt to Equity History and Analysis
Debt Level: TURA's net debt to equity ratio (31.6%) is considered satisfactory.
Reducing Debt: Insufficient data to determine if TURA's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: TURA's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: TURA's interest payments on its debt are not well covered by EBIT (1.6x coverage).