Proact IT Group Balance Sheet Health
Financial Health criteria checks 6/6
Proact IT Group has a total shareholder equity of SEK1.1B and total debt of SEK521.4M, which brings its debt-to-equity ratio to 48.8%. Its total assets and total liabilities are SEK4.2B and SEK3.1B respectively. Proact IT Group's EBIT is SEK302.3M making its interest coverage ratio 32. It has cash and short-term investments of SEK615.6M.
Key information
48.8%
Debt to equity ratio
SEK 521.40m
Debt
| Interest coverage ratio | 32x |
| Cash | SEK 615.60m |
| Equity | SEK 1.07b |
| Total liabilities | SEK 3.14b |
| Total assets | SEK 4.21b |
Recent financial health updates
Is Proact IT Group (STO:PACT) A Risky Investment?
Jun 14
Is Proact IT Group (STO:PACT) Using Too Much Debt?
Jan 27Does Proact IT Group (STO:PACT) Have A Healthy Balance Sheet?
Apr 13Recent updates
Improved Earnings Required Before Proact IT Group AB (publ) (STO:PACT) Stock's 26% Jump Looks Justified
May 22Proact IT Group AB (publ) Just Beat Earnings Expectations: Here's What Analysts Think Will Happen Next
May 09We Think Some Shareholders May Hesitate To Increase Proact IT Group AB (publ)'s (STO:PACT) CEO Compensation
May 01Proact IT Group (STO:PACT) Is Paying Out A Larger Dividend Than Last Year
Apr 25Proact IT Group's (STO:PACT) Shareholders Will Receive A Bigger Dividend Than Last Year
Apr 04Proact IT Group's (STO:PACT) Soft Earnings Are Actually Better Than They Appear
Feb 15Proact IT Group's (STO:PACT) Dividend Will Be Increased To SEK2.00
Feb 12Proact IT Group (STO:PACT) Will Pay A Larger Dividend Than Last Year At SEK1.85
Apr 05Proact IT Group (STO:PACT) Is Paying Out A Larger Dividend Than Last Year
Feb 12Is It Time To Consider Buying Proact IT Group AB (publ) (STO:PACT)?
Feb 11Proact IT Group's (STO:PACT) Returns On Capital Not Reflecting Well On The Business
Jul 08Is Proact IT Group (STO:PACT) A Risky Investment?
Jun 14Is Proact IT Group (STO:PACT) Using Too Much Debt?
Jan 27The Returns On Capital At Proact IT Group (STO:PACT) Don't Inspire Confidence
Oct 14Some Investors May Be Worried About Proact IT Group's (STO:PACT) Returns On Capital
May 25Does Proact IT Group (STO:PACT) Have A Healthy Balance Sheet?
Apr 13The Attractive Combination That Could Earn Proact IT Group AB (publ) (STO:PACT) A Place In Your Dividend Portfolio
Mar 26Are Robust Financials Driving The Recent Rally In Proact IT Group AB (publ)'s (STO:PACT) Stock?
Mar 14Shareholders Of Proact IT Group (STO:PACT) Must Be Happy With Their 183% Total Return
Mar 02Have Insiders Sold Proact IT Group AB (publ) (STO:PACT) Shares Recently?
Feb 17
Could The Proact IT Group AB (publ) (STO:PACT) Ownership Structure Tell Us Something Useful?
Feb 15Financial Position Analysis
Short Term Liabilities: PACT's short term assets (SEK2.1B) exceed its short term liabilities (SEK1.9B).
Long Term Liabilities: PACT's short term assets (SEK2.1B) exceed its long term liabilities (SEK1.3B).
Debt to Equity History and Analysis
Debt Level: PACT has more cash than its total debt.
Reducing Debt: PACT's debt to equity ratio has reduced from 78.3% to 48.8% over the past 5 years.
Debt Coverage: PACT's debt is well covered by operating cash flow (116.4%).
Interest Coverage: PACT's interest payments on its debt are well covered by EBIT (32x coverage).