Telefonaktiebolaget LM Ericsson Balance Sheet Health
Financial Health criteria checks 6/6
Telefonaktiebolaget LM Ericsson has a total shareholder equity of SEK107.6B and total debt of SEK41.2B, which brings its debt-to-equity ratio to 38.2%. Its total assets and total liabilities are SEK299.5B and SEK191.9B respectively. Telefonaktiebolaget LM Ericsson's EBIT is SEK17.2B making its interest coverage ratio 18.7. It has cash and short-term investments of SEK40.8B.
Key information
38.2%
Debt to equity ratio
kr41.17b
Debt
| Interest coverage ratio | 18.7x |
| Cash | kr40.80b |
| Equity | kr107.64b |
| Total liabilities | kr191.88b |
| Total assets | kr299.52b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: ERIC B's short term assets (SEK151.2B) exceed its short term liabilities (SEK124.3B).
Long Term Liabilities: ERIC B's short term assets (SEK151.2B) exceed its long term liabilities (SEK67.6B).
Debt to Equity History and Analysis
Debt Level: ERIC B's net debt to equity ratio (0.3%) is considered satisfactory.
Reducing Debt: ERIC B's debt to equity ratio has reduced from 42.1% to 38.2% over the past 5 years.
Debt Coverage: ERIC B's debt is well covered by operating cash flow (43.9%).
Interest Coverage: ERIC B's interest payments on its debt are well covered by EBIT (18.7x coverage).