Tele2 Balance Sheet Health
Financial Health criteria checks 2/6
Tele2 has a total shareholder equity of SEK21.0B and total debt of SEK26.7B, which brings its debt-to-equity ratio to 126.9%. Its total assets and total liabilities are SEK65.0B and SEK44.0B respectively. Tele2's EBIT is SEK6.0B making its interest coverage ratio 5.7. It has cash and short-term investments of SEK2.0B.
Key information
126.9%
Debt to equity ratio
SEK 26.66b
Debt
| Interest coverage ratio | 5.7x |
| Cash | SEK 1.99b |
| Equity | SEK 21.01b |
| Total liabilities | SEK 44.00b |
| Total assets | SEK 65.01b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TLTZ.Y's short term assets (SEK8.2B) do not cover its short term liabilities (SEK14.2B).
Long Term Liabilities: TLTZ.Y's short term assets (SEK8.2B) do not cover its long term liabilities (SEK29.8B).
Debt to Equity History and Analysis
Debt Level: TLTZ.Y's net debt to equity ratio (117.4%) is considered high.
Reducing Debt: TLTZ.Y's debt to equity ratio has increased from 74.4% to 126.9% over the past 5 years.
Debt Coverage: TLTZ.Y's debt is well covered by operating cash flow (36.8%).
Interest Coverage: TLTZ.Y's interest payments on its debt are well covered by EBIT (5.7x coverage).