Norcod Balance Sheet Health
Financial Health criteria checks 2/6
Norcod has a total shareholder equity of NOK196.8M and total debt of NOK146.9M, which brings its debt-to-equity ratio to 74.7%. Its total assets and total liabilities are NOK623.6M and NOK426.8M respectively.
Key information
74.7%
Debt to equity ratio
NOK 146.90m
Debt
| Interest coverage ratio | n/a |
| Cash | NOK 8.79m |
| Equity | NOK 196.78m |
| Total liabilities | NOK 426.83m |
| Total assets | NOK 623.62m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: NO9's short term assets (NOK282.4M) exceed its short term liabilities (NOK281.4M).
Long Term Liabilities: NO9's short term assets (NOK282.4M) exceed its long term liabilities (NOK145.4M).
Debt to Equity History and Analysis
Debt Level: NO9's net debt to equity ratio (70.2%) is considered high.
Reducing Debt: Insufficient data to determine if NO9's debt to equity ratio has reduced 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: NO9 has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: NO9 has less than a year of cash runway if free cash flow continues to reduce at historical rates of 9.7% each year