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
Does Vitec Software Group (STO:VIT B) Have A Healthy Balance Sheet?
Aug 01
Vitec Software Group (STO:VIT B) Has A Rock Solid Balance Sheet
Apr 23Recent updates
At kr405, Is It Time To Put Vitec Software Group AB (publ) (STO:VIT B) On Your Watch List?
Dec 02With 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 08Vitec Software Group (STO:VIT B) Has A Rock Solid Balance Sheet
Apr 23Financial 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).