Topdanmark Balance Sheet Health
Financial Health criteria checks 5/6
Topdanmark has a total shareholder equity of DKK5.1B and total debt of DKK1.5B, which brings its debt-to-equity ratio to 29%. Its total assets and total liabilities are DKK24.6B and DKK19.4B respectively. Topdanmark's EBIT is DKK1.6B making its interest coverage ratio 16.3. It has cash and short-term investments of DKK997.0M.
Key information
29.0%
Debt to equity ratio
kr.1.49b
Debt
Interest coverage ratio | 16.3x |
Cash | kr.997.00m |
Equity | kr.5.14b |
Total liabilities | kr.19.43b |
Total assets | kr.24.57b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TPDK.Y's short term assets (DKK2.4B) exceed its short term liabilities (DKK314.0M).
Long Term Liabilities: TPDK.Y's short term assets (DKK2.4B) do not cover its long term liabilities (DKK19.1B).
Debt to Equity History and Analysis
Debt Level: TPDK.Y's net debt to equity ratio (9.6%) is considered satisfactory.
Reducing Debt: TPDK.Y's debt to equity ratio has reduced from 39.6% to 29% over the past 5 years.
Debt Coverage: TPDK.Y's debt is well covered by operating cash flow (85.1%).
Interest Coverage: TPDK.Y's interest payments on its debt are well covered by EBIT (16.3x coverage).