NOTE Balance Sheet Health

Financial Health criteria checks 6/6

NOTE has a total shareholder equity of SEK1.6B and total debt of SEK499.0M, which brings its debt-to-equity ratio to 30.5%. Its total assets and total liabilities are SEK3.2B and SEK1.6B respectively. NOTE's EBIT is SEK352.0M making its interest coverage ratio 9.3. It has cash and short-term investments of SEK411.0M.

Key information

30.5%

Debt to equity ratio

SEK 499.00m

Debt

Interest coverage ratio9.3x
CashSEK 411.00m
EquitySEK 1.64b
Total liabilitiesSEK 1.57b
Total assetsSEK 3.21b

Recent financial health updates

Recent updates

Some May Be Optimistic About NOTE's (STO:NOTE) Earnings

Oct 22
Some May Be Optimistic About NOTE's (STO:NOTE) Earnings

Earnings Working Against NOTE AB (publ)'s (STO:NOTE) Share Price

Oct 15
Earnings Working Against NOTE AB (publ)'s (STO:NOTE) Share Price

NOTE (STO:NOTE) Has A Pretty Healthy Balance Sheet

Sep 20
NOTE (STO:NOTE) Has A Pretty Healthy Balance Sheet

Does NOTE (STO:NOTE) Deserve A Spot On Your Watchlist?

Mar 15
Does NOTE (STO:NOTE) Deserve A Spot On Your Watchlist?

Returns on Capital Paint A Bright Future For NOTE (STO:NOTE)

Jan 30
Returns on Capital Paint A Bright Future For NOTE (STO:NOTE)

Do NOTE's (STO:NOTE) Earnings Warrant Your Attention?

Dec 09
Do NOTE's (STO:NOTE) Earnings Warrant Your Attention?

Should You Be Adding NOTE (STO:NOTE) To Your Watchlist Today?

Oct 31
Should You Be Adding NOTE (STO:NOTE) To Your Watchlist Today?

Here's Why We Think NOTE (STO:NOTE) Might Deserve Your Attention Today

Jun 17
Here's Why We Think NOTE (STO:NOTE) Might Deserve Your Attention Today

Is NOTE (STO:NOTE) Using Too Much Debt?

Feb 01
Is NOTE (STO:NOTE) Using Too Much Debt?

Capital Investments At NOTE (STO:NOTE) Point To A Promising Future

Sep 01
Capital Investments At NOTE (STO:NOTE) Point To A Promising Future

Is Now The Time To Put NOTE (STO:NOTE) On Your Watchlist?

Aug 04
Is Now The Time To Put NOTE (STO:NOTE) On Your Watchlist?

Is NOTE (STO:NOTE) Using Too Much Debt?

Jul 15
Is NOTE (STO:NOTE) Using Too Much Debt?

With EPS Growth And More, NOTE (STO:NOTE) Is Interesting

May 04
With EPS Growth And More, NOTE (STO:NOTE) Is Interesting

Financial Position Analysis

Short Term Liabilities: NOTE's short term assets (SEK2.3B) exceed its short term liabilities (SEK1.2B).

Long Term Liabilities: NOTE's short term assets (SEK2.3B) exceed its long term liabilities (SEK331.0M).


Debt to Equity History and Analysis

Debt Level: NOTE's net debt to equity ratio (5.4%) is considered satisfactory.

Reducing Debt: NOTE's debt to equity ratio has reduced from 38.9% to 30.5% over the past 5 years.

Debt Coverage: NOTE's debt is well covered by operating cash flow (120.6%).

Interest Coverage: NOTE's interest payments on its debt are well covered by EBIT (9.3x coverage).


Balance Sheet


Discover healthy companies

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/03/13 03:15
End of Day Share Price 2025/03/13 00:00
Earnings2024/12/31
Annual Earnings2024/12/31

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.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* 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.

Analysis Model and Snowflake

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Learn about the world class team who designed and built the Simply Wall St analysis model.

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 Github.

Analyst Sources

NOTE AB (publ) is covered by 3 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Fredrik AgardhHandelsbanken Capital Markets
Michael LatimoreNorthland Capital Markets
Thomas BlikstadPareto Securities