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.
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/17 14:41 |
| End of Day Share Price | 2024/12/17 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
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 here.
Analysis Model and Snowflake
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Learn about the world class team who designed and built the Simply Wall St analysis model.
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 .
Analyst Sources
Goodtech ASA is covered by 5 analysts. 1 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 |
|---|---|
| Arne-Egil Rønning | Beringer Finance AB |
| Hakon Levy | Beringer Finance AB |
| Tomas Skeivys | Norne Securities AS |