SalMar Balance Sheet Health
Financial Health criteria checks 3/6
SalMar has a total shareholder equity of NOK20.1B and total debt of NOK17.4B, which brings its debt-to-equity ratio to 86.7%. Its total assets and total liabilities are NOK52.9B and NOK32.8B respectively. SalMar's EBIT is NOK7.1B making its interest coverage ratio 6.6. It has cash and short-term investments of NOK627.0M.
Key information
86.7%
Debt to equity ratio
NOK 17.42b
Debt
| Interest coverage ratio | 6.6x |
| Cash | NOK 627.00m |
| Equity | NOK 20.09b |
| Total liabilities | NOK 32.78b |
| Total assets | NOK 52.87b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: JEP's short term assets (NOK16.6B) exceed its short term liabilities (NOK9.2B).
Long Term Liabilities: JEP's short term assets (NOK16.6B) do not cover its long term liabilities (NOK23.6B).
Debt to Equity History and Analysis
Debt Level: JEP's net debt to equity ratio (83.6%) is considered high.
Reducing Debt: JEP's debt to equity ratio has increased from 37.6% to 86.7% over the past 5 years.
Debt Coverage: JEP's debt is well covered by operating cash flow (45.7%).
Interest Coverage: JEP's interest payments on its debt are well covered by EBIT (6.6x coverage).