Refine Group Balance Sheet Health
Financial Health criteria checks 3/6
Refine Group has a total shareholder equity of SEK219.2M and total debt of SEK97.2M, which brings its debt-to-equity ratio to 44.3%. Its total assets and total liabilities are SEK415.3M and SEK196.2M respectively.
Key information
44.3%
Debt to equity ratio
kr97.17m
Debt
| Interest coverage ratio | n/a |
| Cash | kr32.14m |
| Equity | kr219.17m |
| Total liabilities | kr196.18m |
| Total assets | kr415.34m |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: REFINE's short term assets (SEK96.7M) do not cover its short term liabilities (SEK163.0M).
Long Term Liabilities: REFINE's short term assets (SEK96.7M) exceed its long term liabilities (SEK33.2M).
Debt to Equity History and Analysis
Debt Level: REFINE's net debt to equity ratio (29.7%) is considered satisfactory.
Reducing Debt: Insufficient data to determine if REFINE's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: REFINE's debt is well covered by operating cash flow (27.2%).
Interest Coverage: Insufficient data to determine if REFINE's interest payments on its debt are well covered by EBIT.