Fortnox Balance Sheet Health
Financial Health criteria checks 6/6
Fortnox has a total shareholder equity of SEK1.9B and total debt of SEK0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are SEK2.9B and SEK966.0M respectively. Fortnox's EBIT is SEK721.0M making its interest coverage ratio -80.1. It has cash and short-term investments of SEK377.0M.
Key information
0%
Debt to equity ratio
SEK 0
Debt
| Interest coverage ratio | -80.1x |
| Cash | SEK 377.00m |
| Equity | SEK 1.92b |
| Total liabilities | SEK 966.00m |
| Total assets | SEK 2.89b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: FNOX.F's short term assets (SEK1.3B) exceed its short term liabilities (SEK749.0M).
Long Term Liabilities: FNOX.F's short term assets (SEK1.3B) exceed its long term liabilities (SEK217.0M).
Debt to Equity History and Analysis
Debt Level: FNOX.F is debt free.
Reducing Debt: FNOX.F has no debt compared to 5 years ago when its debt to equity ratio was 27.1%.
Debt Coverage: FNOX.F has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: FNOX.F has no debt, therefore coverage of interest payments is not a concern.