Thule Group Balance Sheet Health
Financial Health criteria checks 6/6
Thule Group has a total shareholder equity of SEK7.1B and total debt of SEK1.5B, which brings its debt-to-equity ratio to 21.5%. Its total assets and total liabilities are SEK11.6B and SEK4.5B respectively. Thule Group's EBIT is SEK1.6B making its interest coverage ratio 21.1. It has cash and short-term investments of SEK857.0M.
Key information
21.5%
Debt to equity ratio
SEK 1.53b
Debt
| Interest coverage ratio | 21.1x |
| Cash | SEK 857.00m |
| Equity | SEK 7.12b |
| Total liabilities | SEK 4.46b |
| Total assets | SEK 11.57b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: THUP.Y's short term assets (SEK4.1B) exceed its short term liabilities (SEK2.2B).
Long Term Liabilities: THUP.Y's short term assets (SEK4.1B) exceed its long term liabilities (SEK2.3B).
Debt to Equity History and Analysis
Debt Level: THUP.Y's net debt to equity ratio (9.4%) is considered satisfactory.
Reducing Debt: THUP.Y's debt to equity ratio has reduced from 50.5% to 21.5% over the past 5 years.
Debt Coverage: THUP.Y's debt is well covered by operating cash flow (144%).
Interest Coverage: THUP.Y's interest payments on its debt are well covered by EBIT (21.1x coverage).