Elon Balance Sheet Health
Financial Health criteria checks 5/6
Elon has a total shareholder equity of SEK537.7M and total debt of SEK232.2M, which brings its debt-to-equity ratio to 43.2%. Its total assets and total liabilities are SEK2.0B and SEK1.4B respectively. Elon's EBIT is SEK49.7M making its interest coverage ratio 8.1. It has cash and short-term investments of SEK58.9M.
Key information
43.2%
Debt to equity ratio
SEK 232.20m
Debt
| Interest coverage ratio | 8.1x |
| Cash | SEK 58.90m |
| Equity | SEK 537.70m |
| Total liabilities | SEK 1.45b |
| Total assets | SEK 1.99b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: ELON's short term assets (SEK1.4B) exceed its short term liabilities (SEK1.2B).
Long Term Liabilities: ELON's short term assets (SEK1.4B) exceed its long term liabilities (SEK281.7M).
Debt to Equity History and Analysis
Debt Level: ELON's net debt to equity ratio (32.2%) is considered satisfactory.
Reducing Debt: Insufficient data to determine if ELON's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: ELON's debt is well covered by operating cash flow (24.2%).
Interest Coverage: ELON's interest payments on its debt are well covered by EBIT (8.1x coverage).