Advenica Balance Sheet Health
Financial Health criteria checks 6/6
Advenica has a total shareholder equity of SEK95.1M and total debt of SEK0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are SEK193.2M and SEK98.2M respectively. Advenica's EBIT is SEK3.1M making its interest coverage ratio -2.6. It has cash and short-term investments of SEK80.8M.
Key information
0%
Debt to equity ratio
SEK 0
Debt
| Interest coverage ratio | -2.6x |
| Cash | SEK 80.79m |
| Equity | SEK 95.06m |
| Total liabilities | SEK 98.16m |
| Total assets | SEK 193.22m |
Recent financial health updates
We Think Advenica (STO:ADVE) Can Easily Afford To Drive Business Growth
Jun 08
Advenica (STO:ADVE) Is Carrying A Fair Bit Of Debt
Jan 05Health Check: How Prudently Does Advenica (STO:ADVE) Use Debt?
Sep 13Advenica (STO:ADVE) Is In A Strong Position To Grow Its Business
Feb 21Recent updates
There's Reason For Concern Over Advenica AB (publ)'s (STO:ADVE) Massive 30% Price Jump
Jul 05We Think Advenica (STO:ADVE) Can Easily Afford To Drive Business Growth
Jun 08Advenica AB (publ)'s (STO:ADVE) 45% Share Price Surge Not Quite Adding Up
Mar 29Estimating The Intrinsic Value Of Advenica AB (publ) (STO:ADVE)
Feb 05Advenica AB (publ)'s (STO:ADVE) Popularity With Investors Is Under Threat From Overpricing
Nov 21Investors Will Want Advenica's (STO:ADVE) Growth In ROCE To Persist
Sep 20Robust Earnings May Not Tell The Whole Story For Advenica (STO:ADVE)
May 03A Look At The Fair Value Of Advenica AB (publ) (STO:ADVE)
Apr 27Advenica (STO:ADVE) Is Carrying A Fair Bit Of Debt
Jan 05Health Check: How Prudently Does Advenica (STO:ADVE) Use Debt?
Sep 13Advenica (STO:ADVE) Is In A Strong Position To Grow Its Business
Feb 21Financial Position Analysis
Short Term Liabilities: ADVE's short term assets (SEK149.3M) exceed its short term liabilities (SEK80.5M).
Long Term Liabilities: ADVE's short term assets (SEK149.3M) exceed its long term liabilities (SEK17.7M).
Debt to Equity History and Analysis
Debt Level: ADVE is debt free.
Reducing Debt: ADVE has no debt compared to 5 years ago when its debt to equity ratio was 24.3%.
Debt Coverage: ADVE has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: ADVE has no debt, therefore coverage of interest payments is not a concern.