Omda Balance Sheet Health
Financial Health criteria checks 1/6
Omda has a total shareholder equity of NOK56.6M and total debt of NOK480.3M, which brings its debt-to-equity ratio to 848.6%. Its total assets and total liabilities are NOK739.1M and NOK682.5M respectively. Omda's EBIT is NOK17.7M making its interest coverage ratio 0.3. It has cash and short-term investments of NOK101.4M.
Key information
848.6%
Debt to equity ratio
NOK 480.29m
Debt
| Interest coverage ratio | 0.3x |
| Cash | NOK 101.45m |
| Equity | NOK 56.60m |
| Total liabilities | NOK 682.45m |
| Total assets | NOK 739.05m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 6Q1's short term assets (NOK197.9M) exceed its short term liabilities (NOK174.1M).
Long Term Liabilities: 6Q1's short term assets (NOK197.9M) do not cover its long term liabilities (NOK508.4M).
Debt to Equity History and Analysis
Debt Level: 6Q1's net debt to equity ratio (669.3%) is considered high.
Reducing Debt: 6Q1's debt to equity ratio has increased from 77.6% to 848.6% over the past 5 years.
Debt Coverage: 6Q1's debt is not well covered by operating cash flow (12.7%).
Interest Coverage: 6Q1's interest payments on its debt are not well covered by EBIT (0.3x coverage).