Axfood Balance Sheet Health
Financial Health criteria checks 4/6
Axfood has a total shareholder equity of SEK5.9B and total debt of SEK759.0M, which brings its debt-to-equity ratio to 12.8%. Its total assets and total liabilities are SEK30.7B and SEK24.8B respectively. Axfood's EBIT is SEK3.5B making its interest coverage ratio 10.3. It has cash and short-term investments of SEK817.0M.
Key information
12.8%
Debt to equity ratio
kr759.00m
Debt
Interest coverage ratio | 10.3x |
Cash | kr817.00m |
Equity | kr5.94b |
Total liabilities | kr24.76b |
Total assets | kr30.70b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: AXFO.F's short term assets (SEK9.2B) do not cover its short term liabilities (SEK15.3B).
Long Term Liabilities: AXFO.F's short term assets (SEK9.2B) do not cover its long term liabilities (SEK9.4B).
Debt to Equity History and Analysis
Debt Level: AXFO.F has more cash than its total debt.
Reducing Debt: AXFO.F's debt to equity ratio has reduced from 20% to 12.8% over the past 5 years.
Debt Coverage: AXFO.F's debt is well covered by operating cash flow (925%).
Interest Coverage: AXFO.F's interest payments on its debt are well covered by EBIT (10.3x coverage).