Lumi Gruppen has a total shareholder equity of NOK480.5M and total debt of NOK265.6M, which brings its debt-to-equity ratio to 55.3%. Its total assets and total liabilities are NOK975.7M and NOK495.2M respectively. Lumi Gruppen's EBIT is NOK35.7M making its interest coverage ratio 1. It has cash and short-term investments of NOK65.1M.
Key information
55.3%
Debt to equity ratio
NOK 265.63m
Debt
Interest coverage ratio
1x
Cash
NOK 65.13m
Equity
NOK 480.53m
Total liabilities
NOK 495.17m
Total assets
NOK 975.70m
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 8KS's short term assets (NOK84.4M) do not cover its short term liabilities (NOK118.3M).
Long Term Liabilities: 8KS's short term assets (NOK84.4M) do not cover its long term liabilities (NOK376.8M).
Debt to Equity History and Analysis
Debt Level: 8KS's net debt to equity ratio (41.7%) is considered high.
Reducing Debt: 8KS's debt to equity ratio has reduced from 262.6% to 55.3% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable 8KS has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: 8KS is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 20.8% per year.