Ice Fish Farm Balance Sheet Health
Financial Health criteria checks 4/6
Ice Fish Farm has a total shareholder equity of NOK3.4B and total debt of NOK1.2B, which brings its debt-to-equity ratio to 37.1%. Its total assets and total liabilities are NOK5.0B and NOK1.7B respectively. Ice Fish Farm's EBIT is NOK196.3M making its interest coverage ratio 1.7. It has cash and short-term investments of NOK13.2M.
Key information
37.1%
Debt to equity ratio
kr1.25b
Debt
Interest coverage ratio | 1.7x |
Cash | kr13.15m |
Equity | kr3.36b |
Total liabilities | kr1.69b |
Total assets | kr5.05b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 4YYA's short term assets (NOK1.5B) exceed its short term liabilities (NOK338.9M).
Long Term Liabilities: 4YYA's short term assets (NOK1.5B) exceed its long term liabilities (NOK1.3B).
Debt to Equity History and Analysis
Debt Level: 4YYA's net debt to equity ratio (36.7%) is considered satisfactory.
Reducing Debt: 4YYA's debt to equity ratio has reduced from 160.1% to 37.1% over the past 5 years.
Debt Coverage: 4YYA's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 4YYA's interest payments on its debt are not well covered by EBIT (1.7x coverage).