Thule Group Balance Sheet Health
Financial Health criteria checks 6/6
Thule Group has a total shareholder equity of SEK6.8B and total debt of SEK1.9B, which brings its debt-to-equity ratio to 28.4%. Its total assets and total liabilities are SEK11.0B and SEK4.1B respectively. Thule Group's EBIT is SEK1.5B making its interest coverage ratio 15.3. It has cash and short-term investments of SEK94.0M.
Key information
28.4%
Debt to equity ratio
kr1.95b
Debt
| Interest coverage ratio | 15.3x |
| Cash | kr94.00m |
| Equity | kr6.85b |
| Total liabilities | kr4.12b |
| Total assets | kr10.97b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: THLP.F's short term assets (SEK3.7B) exceed its short term liabilities (SEK1.5B).
Long Term Liabilities: THLP.F's short term assets (SEK3.7B) exceed its long term liabilities (SEK2.6B).
Debt to Equity History and Analysis
Debt Level: THLP.F's net debt to equity ratio (27.1%) is considered satisfactory.
Reducing Debt: THLP.F's debt to equity ratio has reduced from 53.8% to 28.4% over the past 5 years.
Debt Coverage: THLP.F's debt is well covered by operating cash flow (95%).
Interest Coverage: THLP.F's interest payments on its debt are well covered by EBIT (15.3x coverage).