Solstad Offshore Balance Sheet Health
Financial Health criteria checks 5/6
Solstad Offshore has a total shareholder equity of NOK2.0B and total debt of NOK951.0M, which brings its debt-to-equity ratio to 48.3%. Its total assets and total liabilities are NOK8.8B and NOK6.8B respectively. Solstad Offshore's EBIT is NOK837.9M making its interest coverage ratio 1.1. It has cash and short-term investments of NOK629.0M.
Key information
48.3%
Debt to equity ratio
NOK 951.00m
Debt
| Interest coverage ratio | 1.1x |
| Cash | NOK 629.00m |
| Equity | NOK 1.97b |
| Total liabilities | NOK 6.83b |
| Total assets | NOK 8.80b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SZL's short term assets (NOK1.8B) exceed its short term liabilities (NOK1.6B).
Long Term Liabilities: SZL's short term assets (NOK1.8B) do not cover its long term liabilities (NOK5.2B).
Debt to Equity History and Analysis
Debt Level: SZL's net debt to equity ratio (16.4%) is considered satisfactory.
Reducing Debt: SZL had negative shareholder equity 5 years ago, but is now positive and has therefore improved.
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 SZL has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: SZL is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 22% per year.