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 NOK63.5M making its interest coverage ratio 1.1. 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 | 1.1x |
| 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 (1.1x coverage).