AB SKF Balance Sheet Health
Financial Health criteria checks 6/6
AB SKF has a total shareholder equity of SEK55.0B and total debt of SEK19.1B, which brings its debt-to-equity ratio to 34.8%. Its total assets and total liabilities are SEK111.9B and SEK56.9B respectively. AB SKF's EBIT is SEK11.0B making its interest coverage ratio 29. It has cash and short-term investments of SEK13.7B.
Key information
34.8%
Debt to equity ratio
kr19.12b
Debt
Interest coverage ratio | 29x |
Cash | kr13.65b |
Equity | kr54.96b |
Total liabilities | kr56.95b |
Total assets | kr111.90b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SKFR.Y's short term assets (SEK59.9B) exceed its short term liabilities (SEK27.6B).
Long Term Liabilities: SKFR.Y's short term assets (SEK59.9B) exceed its long term liabilities (SEK29.3B).
Debt to Equity History and Analysis
Debt Level: SKFR.Y's net debt to equity ratio (9.9%) is considered satisfactory.
Reducing Debt: SKFR.Y's debt to equity ratio has reduced from 48.4% to 34.8% over the past 5 years.
Debt Coverage: SKFR.Y's debt is well covered by operating cash flow (72.1%).
Interest Coverage: SKFR.Y's interest payments on its debt are well covered by EBIT (29x coverage).