Norva24 Group Balance Sheet Health
Financial Health criteria checks 5/6
Norva24 Group has a total shareholder equity of NOK2.2B and total debt of NOK816.1M, which brings its debt-to-equity ratio to 37.8%. Its total assets and total liabilities are NOK4.8B and NOK2.7B respectively. Norva24 Group's EBIT is NOK324.9M making its interest coverage ratio 3.8. It has cash and short-term investments of NOK173.9M.
Key information
37.8%
Debt to equity ratio
NOK 816.10m
Debt
| Interest coverage ratio | 3.8x |
| Cash | NOK 173.90m |
| Equity | NOK 2.16b |
| Total liabilities | NOK 2.68b |
| Total assets | NOK 4.84b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: WG0's short term assets (NOK1.0B) exceed its short term liabilities (NOK944.1M).
Long Term Liabilities: WG0's short term assets (NOK1.0B) do not cover its long term liabilities (NOK1.7B).
Debt to Equity History and Analysis
Debt Level: WG0's net debt to equity ratio (29.8%) is considered satisfactory.
Reducing Debt: WG0's debt to equity ratio has reduced from 208.9% to 37.8% over the past 5 years.
Debt Coverage: WG0's debt is well covered by operating cash flow (65%).
Interest Coverage: WG0's interest payments on its debt are well covered by EBIT (3.8x coverage).