Minesto AB (publ)

Stockholm Stock Exchange MINEST.ST

Minesto AB (publ) Interest Coverage Ratio for the year ending December 31, 2023: -1,094.44

Minesto AB (publ) Interest Coverage Ratio is -1,094.44 for the year ending December 31, 2023, a 96.53% change year over year. Interest coverage ratio assesses earnings' ability to cover interest expenses; higher ratios signal lower risk.

Minesto AB (publ) Interest Coverage Ratio for the year ending December 31, 2022 was -31,563.29, a -3,396.17% change year over year.
Minesto AB (publ) Interest Coverage Ratio for the year ending December 31, 2021 was -902.80, a -24,596.64% change year over year.
Minesto AB (publ) Interest Coverage Ratio for the year ending December 31, 2020 was -3.66, a 98.76% change year over year.
Minesto AB (publ) Interest Coverage Ratio for the year ending December 31, 2019 was -294.59, a -1,329.35% change year over year.

Key data

Date	Interest Coverage Ratio	Debt to Equity Ratio	Interest Expense To Sales	Inventory Turnover Ratio

Stockholm Stock Exchange: MINEST.ST

Minesto AB (publ)

CEO	Dr. Martin Edlund
IPO Date	Nov. 9, 2015
Location	Sweden
Headquarters	Vita gavelns vAeg 6
Employees	58
Sector	Utilities
Industries Renewables Hydro Energy

Description

Minesto AB (publ), together with its subsidiaries, operates as a marine energy developer in Sweden, Wales, Northern Ireland, and Taiwan. Its Deep Green technology produces electricity from slow tidal streams and ocean currents through a turbine. The company was founded in 2007 and is headquartered in Gothenburg, Sweden.

Key trends

Past 5 years