Goodtech Balance Sheet Health
Financial Health criteria checks 6/6
Goodtech has a total shareholder equity of NOK283.1M and total debt of NOK37.3M, which brings its debt-to-equity ratio to 13.2%. Its total assets and total liabilities are NOK538.3M and NOK255.2M respectively. Goodtech's EBIT is NOK21.1M making its interest coverage ratio -6.4. It has cash and short-term investments of NOK105.7M.
Key information
13.2%
Debt to equity ratio
NOK 37.30m
Debt
| Interest coverage ratio | -6.4x |
| Cash | NOK 105.70m |
| Equity | NOK 283.10m |
| Total liabilities | NOK 255.20m |
| Total assets | NOK 538.30m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 6FO's short term assets (NOK254.5M) exceed its short term liabilities (NOK221.9M).
Long Term Liabilities: 6FO's short term assets (NOK254.5M) exceed its long term liabilities (NOK33.3M).
Debt to Equity History and Analysis
Debt Level: 6FO has more cash than its total debt.
Reducing Debt: 6FO's debt to equity ratio has reduced from 15.8% to 13.2% over the past 5 years.
Debt Coverage: 6FO's debt is well covered by operating cash flow (110.7%).
Interest Coverage: 6FO earns more interest than it pays, so coverage of interest payments is not a concern.