Swedencare Balance Sheet Health
Financial Health criteria checks 3/6
Swedencare has a total shareholder equity of SEK7.7B and total debt of SEK1.4B, which brings its debt-to-equity ratio to 17.8%. Its total assets and total liabilities are SEK10.0B and SEK2.4B respectively. Swedencare's EBIT is SEK234.9M making its interest coverage ratio 2.6. It has cash and short-term investments of SEK170.0M.
Key information
17.8%
Debt to equity ratio
SEK 1.37b
Debt
| Interest coverage ratio | 2.6x |
| Cash | SEK 170.00m |
| Equity | SEK 7.68b |
| Total liabilities | SEK 2.36b |
| Total assets | SEK 10.04b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SWDC.F's short term assets (SEK1.1B) exceed its short term liabilities (SEK357.1M).
Long Term Liabilities: SWDC.F's short term assets (SEK1.1B) do not cover its long term liabilities (SEK2.0B).
Debt to Equity History and Analysis
Debt Level: SWDC.F's net debt to equity ratio (15.6%) is considered satisfactory.
Reducing Debt: SWDC.F's debt to equity ratio has increased from 5.9% to 17.8% over the past 5 years.
Debt Coverage: SWDC.F's debt is well covered by operating cash flow (30.3%).
Interest Coverage: SWDC.F's interest payments on its debt are not well covered by EBIT (2.6x coverage).