Vår Energi Balance Sheet Health
Financial Health criteria checks 2/6
Vår Energi has a total shareholder equity of $1.4B and total debt of $4.9B, which brings its debt-to-equity ratio to 356.5%. Its total assets and total liabilities are $23.3B and $22.0B respectively. Vår Energi's EBIT is $3.8B making its interest coverage ratio -158.3. It has cash and short-term investments of $790.4M.
Key information
356.5%
Debt to equity ratio
US$4.87b
Debt
| Interest coverage ratio | -158.3x |
| Cash | US$790.42m |
| Equity | US$1.37b |
| Total liabilities | US$21.96b |
| Total assets | US$23.33b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: J4V's short term assets ($1.8B) do not cover its short term liabilities ($2.5B).
Long Term Liabilities: J4V's short term assets ($1.8B) do not cover its long term liabilities ($19.4B).
Debt to Equity History and Analysis
Debt Level: J4V's net debt to equity ratio (298.6%) is considered high.
Reducing Debt: J4V's debt to equity ratio has increased from 149.9% to 356.5% over the past 5 years.
Debt Coverage: J4V's debt is well covered by operating cash flow (79.8%).
Interest Coverage: J4V earns more interest than it pays, so coverage of interest payments is not a concern.