Fortnox Financial Health
Financial Health criteria checks 6/6
Fortnox has a total shareholder equity of SEK1.4B and total debt of SEK100.0M, which brings its debt-to-equity ratio to 7%. Its total assets and total liabilities are SEK2.5B and SEK1.0B respectively. Fortnox's EBIT is SEK572.0M making its interest coverage ratio 1906.7. It has cash and short-term investments of SEK502.0M.
Key information
7.0%
Debt to equity ratio
kr100.00m
Debt
| Interest coverage ratio | 1906.7x |
| Cash | kr502.00m |
| Equity | kr1.44b |
| Total liabilities | kr1.02b |
| Total assets | kr2.45b |
Recent financial health updates
These 4 Measures Indicate That Fortnox (STO:FNOX) Is Using Debt Safely
Aug 20
Fortnox (STO:FNOX) Has A Rock Solid Balance Sheet
May 12Is Fortnox (STO:FNOX) Using Too Much Debt?
Jan 18Fortnox (STO:FNOX) Seems To Use Debt Rather Sparingly
Oct 16Fortnox (STO:FNOX) Could Easily Take On More Debt
Jul 02Recent updates
Is There Now An Opportunity In Fortnox AB (publ) (STO:FNOX)?
Sep 17These 4 Measures Indicate That Fortnox (STO:FNOX) Is Using Debt Safely
Aug 20If EPS Growth Is Important To You, Fortnox (STO:FNOX) Presents An Opportunity
Aug 08At kr65.50, Is It Time To Put Fortnox AB (publ) (STO:FNOX) On Your Watch List?
Jun 09Fortnox (STO:FNOX) Has A Rock Solid Balance Sheet
May 12Do Fortnox's (STO:FNOX) Earnings Warrant Your Attention?
Apr 06Is Fortnox (STO:FNOX) Using Too Much Debt?
Jan 18Here's Why We Think Fortnox (STO:FNOX) Might Deserve Your Attention Today
Dec 16A Look At The Intrinsic Value Of Fortnox AB (publ) (STO:FNOX)
Dec 01What Does Fortnox AB (publ)'s (STO:FNOX) Share Price Indicate?
Oct 31Fortnox (STO:FNOX) Seems To Use Debt Rather Sparingly
Oct 16If EPS Growth Is Important To You, Fortnox (STO:FNOX) Presents An Opportunity
Sep 12Fortnox AB (publ) (STO:FNOX) Shares Could Be 26% Below Their Intrinsic Value Estimate
Aug 25Is Fortnox AB (publ) (STO:FNOX) Potentially Undervalued?
Jul 20Fortnox (STO:FNOX) Could Easily Take On More Debt
Jul 02Is There An Opportunity With Fortnox AB (publ)'s (STO:FNOX) 20% Undervaluation?
May 26Here's Why I Think Fortnox (STO:FNOX) Is An Interesting Stock
May 04At kr58.79, Is Fortnox AB (publ) (STO:FNOX) Worth Looking At Closely?
Apr 16Estimating The Fair Value Of Fortnox AB (publ) (NGM:FNOX)
Jan 13Here's Why I Think Fortnox (NGM:FNOX) Might Deserve Your Attention Today
Dec 21I Ran A Stock Scan For Earnings Growth And Fortnox (NGM:FNOX) Passed With Ease
Sep 16When Should You Buy Fortnox AB (NGM:FNOX)?
Jul 22Is Fortnox AB (NGM:FNOX) Worth kr390 Based On Its Intrinsic Value?
Jun 10Does Fortnox (NGM:FNOX) Deserve A Spot On Your Watchlist?
May 20Fortnox's (NGM:FNOX) Earnings Are Growing But Is There More To The Story?
Feb 18Should We Be Excited About The Trends Of Returns At Fortnox (NGM:FNOX)?
Jan 28
Is Fortnox AB's(NGM:FNOX) Recent Stock Performance Tethered To Its Strong Fundamentals?
Jan 08Here's Why I Think Fortnox (NGM:FNOX) Is An Interesting Stock
Dec 17What Kind Of Shareholders Hold The Majority In Fortnox AB's (NGM:FNOX) Shares?
Nov 29Financial Position Analysis
Short Term Liabilities: FNOX's short term assets (SEK1.1B) exceed its short term liabilities (SEK660.0M).
Long Term Liabilities: FNOX's short term assets (SEK1.1B) exceed its long term liabilities (SEK357.0M).
Debt to Equity History and Analysis
Debt Level: FNOX has more cash than its total debt.
Reducing Debt: FNOX's debt to equity ratio has reduced from 33.5% to 7% over the past 5 years.
Debt Coverage: FNOX's debt is well covered by operating cash flow (581%).
Interest Coverage: FNOX's interest payments on its debt are well covered by EBIT (1906.7x coverage).