Solstad Offshore Balance Sheet Health
Financial Health criteria checks 4/6
Solstad Offshore has a total shareholder equity of $349.2M and total debt of $141.8M, which brings its debt-to-equity ratio to 40.6%. Its total assets and total liabilities are $872.5M and $523.2M respectively. Solstad Offshore's EBIT is $68.0M making its interest coverage ratio 1.6. It has cash and short-term investments of $59.7M.
Key information
40.60%
Debt to equity ratio
US$141.81m
Debt
| Interest coverage ratio | 1.6x |
| Cash | US$59.68m |
| Equity | US$349.24m |
| Total liabilities | US$523.23m |
| Total assets | US$872.46m |
Recent financial health updates
We Think Solstad Offshore (OB:SOFF) Is Taking Some Risk With Its Debt
Sep 06
Is Solstad Offshore (OB:SOFF) A Risky Investment?
Oct 06Here's Why Solstad Offshore (OB:SOFF) Has A Meaningful Debt Burden
Apr 12Is Solstad Offshore (OB:SOFF) Using Debt Sensibly?
Jul 29Here's Why Solstad Offshore (OB:SOFF) Has A Meaningful Debt Burden
Apr 05Recent updates
Why We're Not Concerned About Solstad Offshore ASA's (OB:SOFF) Share Price
Jul 02Solstad Offshore ASA's (OB:SOFF) CEO Will Probably Have Their Compensation Approved By Shareholders
Apr 17Solstad Offshore's (OB:SOFF) Earnings Might Be Weaker Than You Think
Feb 20Investors Still Aren't Entirely Convinced By Solstad Offshore ASA's (OB:SOFF) Revenues Despite 27% Price Jump
Nov 24Investors Will Want Solstad Offshore's (OB:SOFF) Growth In ROCE To Persist
Nov 23We Think Solstad Offshore (OB:SOFF) Is Taking Some Risk With Its Debt
Sep 06We Think Solstad Offshore (OB:SOFF) Might Have The DNA Of A Multi-Bagger
Jun 29This Is Why Solstad Offshore ASA's (OB:SOFF) CEO Compensation Looks Appropriate
May 23Why Investors Shouldn't Be Surprised By Solstad Offshore ASA's (OB:SOFF) Low P/S
Mar 29Solstad Offshore ASA (OB:SOFF) Shares Fly 27% But Investors Aren't Buying For Growth
Dec 18Is Solstad Offshore (OB:SOFF) A Risky Investment?
Oct 06Why Investors Shouldn't Be Surprised By Solstad Offshore ASA's (OB:SOFF) 26% Share Price Plunge
Apr 18Solstad Offshore ASA's (OB:SOFF) 26% Dip In Price Shows Sentiment Is Matching Revenues
Apr 18Here's Why Solstad Offshore (OB:SOFF) Has A Meaningful Debt Burden
Apr 12Solstad Offshore (OB:SOFF) Might Have The Makings Of A Multi-Bagger
Feb 27Solstad Offshore (OB:SOFF) Shareholders Will Want The ROCE Trajectory To Continue
Oct 04Is Solstad Offshore (OB:SOFF) Using Debt Sensibly?
Jul 29Here's Why Solstad Offshore (OB:SOFF) Has A Meaningful Debt Burden
Apr 05Solstad Offshore (OB:SOFF) Strong Profits May Be Masking Some Underlying Issues
Mar 06If You Had Bought Solstad Offshore (OB:SOFF) Shares A Year Ago You'd Have Earned 677% Returns
Nov 18Financial Position Analysis
Short Term Liabilities: SOFF's short term assets ($174.7M) exceed its short term liabilities ($174.4M).
Long Term Liabilities: SOFF's short term assets ($174.7M) do not cover its long term liabilities ($348.9M).
Debt to Equity History and Analysis
Debt Level: SOFF's net debt to equity ratio (23.5%) is considered satisfactory.
Reducing Debt: SOFF had negative shareholder equity 5 years ago, but is now positive and has therefore improved.
Debt Coverage: SOFF's debt is well covered by operating cash flow (100.9%).
Interest Coverage: SOFF's interest payments on its debt are not well covered by EBIT (1.6x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/08/18 03:25 |
| End of Day Share Price | 2025/08/15 00:00 |
| Earnings | 2025/06/30 |
| Annual Earnings | 2024/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Solstad Offshore ASA is covered by 10 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Kristoffer Iden | Arctic Securities ASA |
| Salman Alam | Carnegie Investment Bank AB |
| Øyvind Mossige | Danske Bank |