Viking Line Abp Balance Sheet Health
Financial Health criteria checks 4/6
Viking Line Abp has a total shareholder equity of €318.0M and total debt of €159.9M, which brings its debt-to-equity ratio to 50.3%. Its total assets and total liabilities are €619.5M and €301.5M respectively. Viking Line Abp's EBIT is €26.9M making its interest coverage ratio 2.4. It has cash and short-term investments of €61.1M.
Key information
50.3%
Debt to equity ratio
€159.90m
Debt
| Interest coverage ratio | 2.4x |
| Cash | €61.10m |
| Equity | €318.00m |
| Total liabilities | €301.50m |
| Total assets | €619.50m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: VKGL.F's short term assets (€125.8M) exceed its short term liabilities (€121.6M).
Long Term Liabilities: VKGL.F's short term assets (€125.8M) do not cover its long term liabilities (€179.9M).
Debt to Equity History and Analysis
Debt Level: VKGL.F's net debt to equity ratio (31.1%) is considered satisfactory.
Reducing Debt: VKGL.F's debt to equity ratio has reduced from 53.5% to 50.3% over the past 5 years.
Debt Coverage: VKGL.F's debt is well covered by operating cash flow (32.1%).
Interest Coverage: VKGL.F's interest payments on its debt are not well covered by EBIT (2.4x coverage).