mySafety Group Balance Sheet Health
Financial Health criteria checks 3/6
mySafety Group has a total shareholder equity of SEK178.5M and total debt of SEK106.4M, which brings its debt-to-equity ratio to 59.6%. Its total assets and total liabilities are SEK492.2M and SEK313.7M respectively. mySafety Group's EBIT is SEK136.8M making its interest coverage ratio 13.6. It has cash and short-term investments of SEK29.3M.
Key information
59.6%
Debt to equity ratio
kr106.42m
Debt
| Interest coverage ratio | 13.6x |
| Cash | kr29.35m |
| Equity | kr178.47m |
| Total liabilities | kr313.73m |
| Total assets | kr492.20m |
Recent financial health updates
mySafety Group (STO:SAFETY B) Takes On Some Risk With Its Use Of Debt
Apr 30
Does mySafety Group (STO:SAFETY B) Have A Healthy Balance Sheet?
Nov 24Does Empir Group (STO:EMPIR B) Have A Healthy Balance Sheet?
Jun 01Does Empir Group (STO:EMPIR B) Have A Healthy Balance Sheet?
Dec 07
Recent updates
mySafety Group (STO:SAFETY B) Takes On Some Risk With Its Use Of Debt
Apr 30Does mySafety Group (STO:SAFETY B) Have A Healthy Balance Sheet?
Nov 24Risks To Shareholder Returns Are Elevated At These Prices For Empir Group AB (publ) (STO:EMPIR B)
Sep 13Does Empir Group (STO:EMPIR B) Have A Healthy Balance Sheet?
Jun 01Calculating The Fair Value Of Empir Group AB (STO:EMPIR B)
Aug 07Should Empir Group AB (STO:EMPIR B) Be Part Of Your Dividend Portfolio?
Mar 26This Insider Has Just Sold Shares In Empir Group AB (STO:EMPIR B)
Feb 28When Can We Expect A Profit From Empir Group AB (STO:EMPIR B)?
Feb 24Who Has Been Buying Empir Group AB (STO:EMPIR B) Shares?
Jan 29Does Empir Group (STO:EMPIR B) Have A Healthy Balance Sheet?
Dec 07Financial Position Analysis
Short Term Liabilities: SAFETY B's short term assets (SEK223.3M) exceed its short term liabilities (SEK191.1M).
Long Term Liabilities: SAFETY B's short term assets (SEK223.3M) exceed its long term liabilities (SEK122.7M).
Debt to Equity History and Analysis
Debt Level: SAFETY B's net debt to equity ratio (43.2%) is considered high.
Reducing Debt: SAFETY B's debt to equity ratio has increased from 16.4% to 59.6% over the past 5 years.
Debt Coverage: SAFETY B's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: SAFETY B's interest payments on its debt are well covered by EBIT (13.6x coverage).