Meko Balance Sheet Health
Financial Health criteria checks 5/6
Meko has a total shareholder equity of SEK6.2B and total debt of SEK3.7B, which brings its debt-to-equity ratio to 59.1%. Its total assets and total liabilities are SEK16.0B and SEK9.9B respectively. Meko's EBIT is SEK923.0M making its interest coverage ratio 3.7. It has cash and short-term investments of SEK623.0M.
Key information
59.1%
Debt to equity ratio
kr3.65b
Debt
| Interest coverage ratio | 3.7x |
| Cash | kr623.00m |
| Equity | kr6.18b |
| Total liabilities | kr9.87b |
| Total assets | kr16.04b |
Recent financial health updates
Mekonomen (STO:MEKO) Has A Pretty Healthy Balance Sheet
Mar 28
Is Mekonomen (STO:MEKO) Using Too Much Debt?
Aug 21Is Mekonomen (STO:MEKO) Using Too Much Debt?
Apr 10Recent updates
Mekonomen (STO:MEKO) Has A Pretty Healthy Balance Sheet
Mar 28Some Investors May Be Worried About Mekonomen's (STO:MEKO) Returns On Capital
Jan 23Is There An Opportunity With Mekonomen AB (publ)'s (STO:MEKO) 22% Undervaluation?
Nov 16Should You Investigate Mekonomen AB (publ) (STO:MEKO) At kr161?
Sep 02Is Mekonomen (STO:MEKO) Using Too Much Debt?
Aug 21Calculating The Fair Value Of Mekonomen AB (publ) (STO:MEKO)
Jul 07Does Mekonomen (STO:MEKO) Deserve A Spot On Your Watchlist?
Jun 05Returns On Capital Signal Tricky Times Ahead For Mekonomen (STO:MEKO)
May 03Is Mekonomen (STO:MEKO) Using Too Much Debt?
Apr 10Should You Investigate Mekonomen AB (publ) (STO:MEKO) At kr116?
Mar 29Mekonomen AB (publ) (STO:MEKO) Shares Could Be 28% Below Their Intrinsic Value Estimate
Mar 15Insider Buying: The Mekonomen AB (publ) (STO:MEKO) President & CEO Just Bought 4.5% More Shares
Mar 03Financial Position Analysis
Short Term Liabilities: MEKO's short term assets (SEK7.5B) exceed its short term liabilities (SEK4.4B).
Long Term Liabilities: MEKO's short term assets (SEK7.5B) exceed its long term liabilities (SEK5.5B).
Debt to Equity History and Analysis
Debt Level: MEKO's net debt to equity ratio (49%) is considered high.
Reducing Debt: MEKO's debt to equity ratio has reduced from 111.8% to 59.1% over the past 5 years.
Debt Coverage: MEKO's debt is well covered by operating cash flow (34.3%).
Interest Coverage: MEKO's interest payments on its debt are well covered by EBIT (3.7x coverage).