SSAB Balance Sheet Health
Financial Health criteria checks 6/6
SSAB has a total shareholder equity of SEK68.4B and total debt of SEK6.6B, which brings its debt-to-equity ratio to 9.7%. Its total assets and total liabilities are SEK107.4B and SEK39.1B respectively. SSAB's EBIT is SEK12.9B making its interest coverage ratio -23. It has cash and short-term investments of SEK23.9B.
Key information
9.7%
Debt to equity ratio
SEK 6.62b
Debt
Interest coverage ratio | -23x |
Cash | SEK 23.89b |
Equity | SEK 68.36b |
Total liabilities | SEK 39.06b |
Total assets | SEK 107.42b |
Recent financial health updates
No updates
Recent updates
No updates
Financial Position Analysis
Short Term Liabilities: SSAB.F's short term assets (SEK72.2B) exceed its short term liabilities (SEK26.6B).
Long Term Liabilities: SSAB.F's short term assets (SEK72.2B) exceed its long term liabilities (SEK12.5B).
Debt to Equity History and Analysis
Debt Level: SSAB.F has more cash than its total debt.
Reducing Debt: SSAB.F's debt to equity ratio has reduced from 27.6% to 9.7% over the past 5 years.
Debt Coverage: SSAB.F's debt is well covered by operating cash flow (261.2%).
Interest Coverage: SSAB.F earns more interest than it pays, so coverage of interest payments is not a concern.