Lerøy Seafood Group Balance Sheet Health
Financial Health criteria checks 5/6
Lerøy Seafood Group has a total shareholder equity of NOK19.5B and total debt of NOK8.6B, which brings its debt-to-equity ratio to 44.1%. Its total assets and total liabilities are NOK40.2B and NOK20.6B respectively. Lerøy Seafood Group's EBIT is NOK2.7B making its interest coverage ratio 6.5. It has cash and short-term investments of NOK3.0B.
Key information
44.1%
Debt to equity ratio
NOK 8.62b
Debt
| Interest coverage ratio | 6.5x |
| Cash | NOK 3.03b |
| Equity | NOK 19.54b |
| Total liabilities | NOK 20.61b |
| Total assets | NOK 40.15b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: Z1L0's short term assets (NOK18.1B) exceed its short term liabilities (NOK7.4B).
Long Term Liabilities: Z1L0's short term assets (NOK18.1B) exceed its long term liabilities (NOK13.2B).
Debt to Equity History and Analysis
Debt Level: Z1L0's net debt to equity ratio (28.6%) is considered satisfactory.
Reducing Debt: Z1L0's debt to equity ratio has increased from 29.5% to 44.1% over the past 5 years.
Debt Coverage: Z1L0's debt is well covered by operating cash flow (36.7%).
Interest Coverage: Z1L0's interest payments on its debt are well covered by EBIT (6.5x coverage).