Vitec Software Group Balance Sheet Health
Financial Health criteria checks 2/6
Vitec Software Group has a total shareholder equity of SEK3.6B and total debt of SEK2.2B, which brings its debt-to-equity ratio to 61.1%. Its total assets and total liabilities are SEK8.5B and SEK4.8B respectively. Vitec Software Group's EBIT is SEK617.0M making its interest coverage ratio 5.8. It has cash and short-term investments of SEK640.0M.
Key information
61.1%
Debt to equity ratio
kr2.22b
Debt
| Interest coverage ratio | 5.8x |
| Cash | kr639.99m |
| Equity | kr3.62b |
| Total liabilities | kr4.83b |
| Total assets | kr8.46b |
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 23We Think Vitec Software Group (STO:VIT B) Can Manage Its Debt With Ease
Jan 20Does Vitec Software Group (STO:VIT B) Have A Healthy Balance Sheet?
Jun 10Recent 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 23Here's Why We Think Vitec Software Group (STO:VIT B) Is Well Worth Watching
Feb 16We Think Vitec Software Group (STO:VIT B) Can Manage Its Debt With Ease
Jan 20With EPS Growth And More, Vitec Software Group (STO:VIT B) Is Interesting
Nov 07Is Now The Time To Put Vitec Software Group (STO:VIT B) On Your Watchlist?
Jul 18Does Vitec Software Group (STO:VIT B) Have A Healthy Balance Sheet?
Jun 10Vitec Software Group (STO:VIT B) Might Be Having Difficulty Using Its Capital Effectively
May 28Financial Position Analysis
Short Term Liabilities: VIT B's short term assets (SEK1.1B) do not cover its short term liabilities (SEK1.4B).
Long Term Liabilities: VIT B's short term assets (SEK1.1B) do not cover its long term liabilities (SEK3.5B).
Debt to Equity History and Analysis
Debt Level: VIT B's net debt to equity ratio (43.5%) is considered high.
Reducing Debt: VIT B's debt to equity ratio has increased from 40.8% to 61.1% over the past 5 years.
Debt Coverage: VIT B's debt is well covered by operating cash flow (41.7%).
Interest Coverage: VIT B's interest payments on its debt are well covered by EBIT (5.8x coverage).