Nordic Halibut Balance Sheet Health
Financial Health criteria checks 4/6
Nordic Halibut has a total shareholder equity of NOK430.9M and total debt of NOK146.7M, which brings its debt-to-equity ratio to 34.1%. Its total assets and total liabilities are NOK730.0M and NOK299.0M respectively.
Key information
34.1%
Debt to equity ratio
NOK 146.74m
Debt
| Interest coverage ratio | n/a |
| Cash | NOK 26.92m |
| Equity | NOK 430.95m |
| Total liabilities | NOK 299.04m |
| Total assets | NOK 729.99m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 9K1's short term assets (NOK330.0M) exceed its short term liabilities (NOK205.3M).
Long Term Liabilities: 9K1's short term assets (NOK330.0M) exceed its long term liabilities (NOK93.7M).
Debt to Equity History and Analysis
Debt Level: 9K1's net debt to equity ratio (27.8%) is considered satisfactory.
Reducing Debt: 9K1's debt to equity ratio has reduced from 68.4% to 34.1% over the past 5 years.
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: 9K1 has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: 9K1 has less than a year of cash runway if free cash flow continues to reduce at historical rates of 34.3% each year