Nordic Halibut Balance Sheet Health
Financial Health criteria checks 4/6
Nordic Halibut has a total shareholder equity of NOK460.4M and total debt of NOK92.4M, which brings its debt-to-equity ratio to 20.1%. Its total assets and total liabilities are NOK691.3M and NOK230.9M respectively.
Key information
20.1%
Debt to equity ratio
NOK 92.39m
Debt
| Interest coverage ratio | n/a |
| Cash | NOK 27.22m |
| Equity | NOK 460.37m |
| Total liabilities | NOK 230.93m |
| Total assets | NOK 691.31m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 9K1's short term assets (NOK300.7M) exceed its short term liabilities (NOK137.6M).
Long Term Liabilities: 9K1's short term assets (NOK300.7M) exceed its long term liabilities (NOK93.4M).
Debt to Equity History and Analysis
Debt Level: 9K1's net debt to equity ratio (14.2%) is considered satisfactory.
Reducing Debt: 9K1's debt to equity ratio has reduced from 67.6% to 20.1% 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 34.1% each year