Veidekke Balance Sheet Health
Financial Health criteria checks 5/6
Veidekke has a total shareholder equity of NOK3.1B and total debt of NOK508.0M, which brings its debt-to-equity ratio to 16.4%. Its total assets and total liabilities are NOK18.2B and NOK15.1B respectively. Veidekke's EBIT is NOK1.4B making its interest coverage ratio -28.5. It has cash and short-term investments of NOK3.0B.
Key information
16.4%
Debt to equity ratio
kr508.00m
Debt
Interest coverage ratio | -28.5x |
Cash | kr2.99b |
Equity | kr3.10b |
Total liabilities | kr15.11b |
Total assets | kr18.21b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: VK4's short term assets (NOK10.9B) do not cover its short term liabilities (NOK12.7B).
Long Term Liabilities: VK4's short term assets (NOK10.9B) exceed its long term liabilities (NOK2.4B).
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 47.5% to 16.4% over the past 5 years.
Debt Coverage: VK4's debt is well covered by operating cash flow (578.5%).
Interest Coverage: VK4 earns more interest than it pays, so coverage of interest payments is not a concern.