Lerøy Seafood Group Balance Sheet Health
Financial Health criteria checks 5/6
Lerøy Seafood Group has a total shareholder equity of NOK19.6B and total debt of NOK8.9B, which brings its debt-to-equity ratio to 45.2%. Its total assets and total liabilities are NOK39.9B and NOK20.3B respectively. Lerøy Seafood Group's EBIT is NOK2.8B making its interest coverage ratio 6. It has cash and short-term investments of NOK3.2B.
Key information
45.2%
Debt to equity ratio
NOK 8.88b
Debt
| Interest coverage ratio | 6x |
| Cash | NOK 3.22b |
| Equity | NOK 19.63b |
| Total liabilities | NOK 20.28b |
| Total assets | NOK 39.91b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: Z1L0's short term assets (NOK18.3B) exceed its short term liabilities (NOK6.4B).
Long Term Liabilities: Z1L0's short term assets (NOK18.3B) exceed its long term liabilities (NOK13.8B).
Debt to Equity History and Analysis
Debt Level: Z1L0's net debt to equity ratio (28.8%) is considered satisfactory.
Reducing Debt: Z1L0's debt to equity ratio has increased from 27.2% to 45.2% over the past 5 years.
Debt Coverage: Z1L0's debt is well covered by operating cash flow (37.3%).
Interest Coverage: Z1L0's interest payments on its debt are well covered by EBIT (6x coverage).