Swemet Balance Sheet Health
Financial Health criteria checks 5/6
Swemet has a total shareholder equity of SEK6.3M and total debt of SEK3.3M, which brings its debt-to-equity ratio to 52.3%. Its total assets and total liabilities are SEK32.7M and SEK26.4M respectively. Swemet's EBIT is SEK1.6M making its interest coverage ratio 3.2. It has cash and short-term investments of SEK1.5M.
Key information
52.3%
Debt to equity ratio
SEK 3.28m
Debt
| Interest coverage ratio | 3.2x |
| Cash | SEK 1.48m |
| Equity | SEK 6.27m |
| Total liabilities | SEK 26.41m |
| Total assets | SEK 32.68m |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: SWEM B's short term assets (SEK14.7M) do not cover its short term liabilities (SEK26.4M).
Long Term Liabilities: SWEM B's short term assets (SEK14.7M) exceed its long term liabilities (SEK50.0K).
Debt to Equity History and Analysis
Debt Level: SWEM B's net debt to equity ratio (28.7%) is considered satisfactory.
Reducing Debt: SWEM B's debt to equity ratio has reduced from 120.5% to 52.3% over the past 5 years.
Debt Coverage: SWEM B's debt is well covered by operating cash flow (63.2%).
Interest Coverage: SWEM B's interest payments on its debt are well covered by EBIT (3.2x coverage).