Eidesvik Offshore Balance Sheet Health
Financial Health criteria checks 5/6
Eidesvik Offshore has a total shareholder equity of NOK1.8B and total debt of NOK715.8M, which brings its debt-to-equity ratio to 40.2%. Its total assets and total liabilities are NOK2.8B and NOK1.0B respectively. Eidesvik Offshore's EBIT is NOK117.6M making its interest coverage ratio 2.2. It has cash and short-term investments of NOK427.9M.
Key information
40.2%
Debt to equity ratio
NOK 715.81m
Debt
| Interest coverage ratio | 2.2x |
| Cash | NOK 427.95m |
| Equity | NOK 1.78b |
| Total liabilities | NOK 1.00b |
| Total assets | NOK 2.78b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: E1V's short term assets (NOK690.1M) exceed its short term liabilities (NOK344.9M).
Long Term Liabilities: E1V's short term assets (NOK690.1M) exceed its long term liabilities (NOK660.1M).
Debt to Equity History and Analysis
Debt Level: E1V's net debt to equity ratio (16.2%) is considered satisfactory.
Reducing Debt: E1V's debt to equity ratio has reduced from 192.3% to 40.2% over the past 5 years.
Debt Coverage: E1V's debt is well covered by operating cash flow (46.8%).
Interest Coverage: E1V's interest payments on its debt are not well covered by EBIT (2.2x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/27 19:55 |
| End of Day Share Price | 2024/12/27 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Eidesvik Offshore ASA is covered by 6 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Marius Gaard | Carnegie Investment Bank AB |
| Iver Batvik | Danske Bank |
| Martin Karlsen | DNB Markets |