Vitec Software Group Balance Sheet Health
Financial Health criteria checks 4/6
Vitec Software Group has a total shareholder equity of SEK4.8B and total debt of SEK2.0B, which brings its debt-to-equity ratio to 41.3%. Its total assets and total liabilities are SEK9.1B and SEK4.3B respectively. Vitec Software Group's EBIT is SEK654.2M making its interest coverage ratio 5.4. It has cash and short-term investments of SEK903.2M.
Key information
41.3%
Debt to equity ratio
SEK 1.96b
Debt
| Interest coverage ratio | 5.4x |
| Cash | SEK 903.23m |
| Equity | SEK 4.75b |
| Total liabilities | SEK 4.34b |
| Total assets | SEK 9.09b |
Recent financial health updates
Recent updates
At kr405, Is It Time To Put Vitec Software Group AB (publ) (STO:VIT B) On Your Watch List?
Dec 02
With EPS Growth And More, Vitec Software Group (STO:VIT B) Makes An Interesting Case
Sep 28Vitec Software Group (STO:VIT B) Is Reinvesting At Lower Rates Of Return
Aug 17Does Vitec Software Group (STO:VIT B) Have A Healthy Balance Sheet?
Aug 01There Are Reasons To Feel Uneasy About Vitec Software Group's (STO:VIT B) Returns On Capital
May 08Financial Position Analysis
Short Term Liabilities: VIT B's short term assets (SEK1.3B) do not cover its short term liabilities (SEK1.5B).
Long Term Liabilities: VIT B's short term assets (SEK1.3B) do not cover its long term liabilities (SEK2.8B).
Debt to Equity History and Analysis
Debt Level: VIT B's net debt to equity ratio (22.3%) is considered satisfactory.
Reducing Debt: VIT B's debt to equity ratio has reduced from 66.4% to 41.3% over the past 5 years.
Debt Coverage: VIT B's debt is well covered by operating cash flow (47.4%).
Interest Coverage: VIT B's interest payments on its debt are well covered by EBIT (5.4x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/22 01:25 |
| End of Day Share Price | 2024/12/20 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Vitec Software Group AB (publ) is covered by 7 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Daniel Thorsson | ABG Sundal Collier Sponsored |
| Daniel Lindkvist | Danske Bank |
| null null | Danske Bank |