Norva24 Group Balance Sheet Health
Financial Health criteria checks 5/6
Norva24 Group has a total shareholder equity of NOK2.1B and total debt of NOK679.9M, which brings its debt-to-equity ratio to 31.9%. Its total assets and total liabilities are NOK4.3B and NOK2.2B respectively. Norva24 Group's EBIT is NOK285.7M making its interest coverage ratio 3.6. It has cash and short-term investments of NOK182.2M.
Key information
31.9%
Debt to equity ratio
NOK 679.90m
Debt
| Interest coverage ratio | 3.6x |
| Cash | NOK 182.20m |
| Equity | NOK 2.13b |
| Total liabilities | NOK 2.16b |
| Total assets | NOK 4.29b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: WG0's short term assets (NOK876.4M) exceed its short term liabilities (NOK747.4M).
Long Term Liabilities: WG0's short term assets (NOK876.4M) do not cover its long term liabilities (NOK1.4B).
Debt to Equity History and Analysis
Debt Level: WG0's net debt to equity ratio (23.3%) is considered satisfactory.
Reducing Debt: WG0's debt to equity ratio has reduced from 217.9% to 31.9% over the past 5 years.
Debt Coverage: WG0's debt is well covered by operating cash flow (81.3%).
Interest Coverage: WG0's interest payments on its debt are well covered by EBIT (3.6x coverage).