Arendals Fossekompani Balance Sheet Health
Financial Health criteria checks 3/6
Arendals Fossekompani has a total shareholder equity of NOK2.8B and total debt of NOK2.8B, which brings its debt-to-equity ratio to 99%. Its total assets and total liabilities are NOK8.2B and NOK5.4B respectively. Arendals Fossekompani's EBIT is NOK141.2M making its interest coverage ratio 0.8. It has cash and short-term investments of NOK1.8B.
Key information
99.0%
Debt to equity ratio
NOK 2.77b
Debt
| Interest coverage ratio | 0.8x |
| Cash | NOK 1.77b |
| Equity | NOK 2.80b |
| Total liabilities | NOK 5.44b |
| Total assets | NOK 8.24b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 5VZ's short term assets (NOK4.4B) exceed its short term liabilities (NOK2.7B).
Long Term Liabilities: 5VZ's short term assets (NOK4.4B) exceed its long term liabilities (NOK2.8B).
Debt to Equity History and Analysis
Debt Level: 5VZ's net debt to equity ratio (35.9%) is considered satisfactory.
Reducing Debt: 5VZ's debt to equity ratio has increased from 34.3% to 99% over the past 5 years.
Debt Coverage: 5VZ's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 5VZ's interest payments on its debt are not well covered by EBIT (0.8x coverage).