Veidekke Balance Sheet Health
Financial Health criteria checks 5/6
Veidekke has a total shareholder equity of NOK2.9B and total debt of NOK548.0M, which brings its debt-to-equity ratio to 19%. Its total assets and total liabilities are NOK17.7B and NOK14.8B respectively. Veidekke's EBIT is NOK1.6B making its interest coverage ratio -15.4. It has cash and short-term investments of NOK2.5B.
Key information
19.0%
Debt to equity ratio
NOK 548.00m
Debt
| Interest coverage ratio | -15.4x |
| Cash | NOK 2.45b |
| Equity | NOK 2.89b |
| Total liabilities | NOK 14.84b |
| Total assets | NOK 17.72b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: VK4's short term assets (NOK10.4B) do not cover its short term liabilities (NOK12.6B).
Long Term Liabilities: VK4's short term assets (NOK10.4B) exceed its long term liabilities (NOK2.3B).
Debt to Equity History and Analysis
Debt Level: VK4 has more cash than its total debt.
Reducing Debt: VK4's debt to equity ratio has reduced from 136% to 19% over the past 5 years.
Debt Coverage: VK4's debt is well covered by operating cash flow (528.1%).
Interest Coverage: VK4 earns more interest than it pays, so coverage of interest payments is not a concern.