Obducat Balance Sheet Health
Financial Health criteria checks 2/6
Obducat has a total shareholder equity of SEK11.2M and total debt of SEK27.4M, which brings its debt-to-equity ratio to 243.4%. Its total assets and total liabilities are SEK105.5M and SEK94.2M respectively. Obducat's EBIT is SEK4.5M making its interest coverage ratio 1.2. It has cash and short-term investments of SEK1.3M.
Key information
243.4%
Debt to equity ratio
kr27.37m
Debt
| Interest coverage ratio | 1.2x |
| Cash | kr1.28m |
| Equity | kr11.24m |
| Total liabilities | kr94.25m |
| Total assets | kr105.49m |
Financial Position Analysis
Short Term Liabilities: OBDU B's short term assets (SEK60.6M) do not cover its short term liabilities (SEK92.6M).
Long Term Liabilities: OBDU B's short term assets (SEK60.6M) exceed its long term liabilities (SEK1.6M).
Debt to Equity History and Analysis
Debt Level: OBDU B's net debt to equity ratio (232%) is considered high.
Reducing Debt: OBDU B's debt to equity ratio has reduced from 243.7% to 243.4% over the past 5 years.
Debt Coverage: OBDU B's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: OBDU B's interest payments on its debt are not well covered by EBIT (1.2x coverage).