Odfjell Technology Balance Sheet Health
Financial Health criteria checks 4/6
Odfjell Technology has a total shareholder equity of NOK1.1B and total debt of NOK1.1B, which brings its debt-to-equity ratio to 102.1%. Its total assets and total liabilities are NOK3.7B and NOK2.6B respectively. Odfjell Technology's EBIT is NOK464.5M making its interest coverage ratio 3.5. It has cash and short-term investments of NOK658.8M.
Key information
102.1%
Debt to equity ratio
kr1.10b
Debt
Interest coverage ratio | 3.5x |
Cash | kr658.80m |
Equity | kr1.08b |
Total liabilities | kr2.62b |
Total assets | kr3.69b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ND4's short term assets (NOK1.9B) exceed its short term liabilities (NOK1.0B).
Long Term Liabilities: ND4's short term assets (NOK1.9B) exceed its long term liabilities (NOK1.6B).
Debt to Equity History and Analysis
Debt Level: ND4's net debt to equity ratio (40.9%) is considered high.
Reducing Debt: ND4's debt to equity ratio has increased from 2.3% to 102.1% over the past 5 years.
Debt Coverage: ND4's debt is well covered by operating cash flow (63.5%).
Interest Coverage: ND4's interest payments on its debt are well covered by EBIT (3.5x coverage).