Gjensidige Forsikring Balance Sheet Health
Financial Health criteria checks 4/6
Gjensidige Forsikring has a total shareholder equity of NOK24.2B and total debt of NOK2.9B, which brings its debt-to-equity ratio to 12%. Its total assets and total liabilities are NOK148.3B and NOK124.0B respectively. Gjensidige Forsikring's EBIT is NOK4.3B making its interest coverage ratio 10.7. It has cash and short-term investments of NOK69.2B.
Key information
12.0%
Debt to equity ratio
kr2.90b
Debt
| Interest coverage ratio | 10.7x |
| Cash | kr69.19b |
| Equity | kr24.24b |
| Total liabilities | kr124.05b |
| Total assets | kr148.28b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: XGJ's short term assets (NOK76.8B) exceed its short term liabilities (NOK5.3B).
Long Term Liabilities: XGJ's short term assets (NOK76.8B) do not cover its long term liabilities (NOK118.8B).
Debt to Equity History and Analysis
Debt Level: XGJ has more cash than its total debt.
Reducing Debt: XGJ's debt to equity ratio has increased from 6.3% to 12% over the past 5 years.
Debt Coverage: XGJ's debt is well covered by operating cash flow (168.5%).
Interest Coverage: XGJ's interest payments on its debt are well covered by EBIT (10.7x coverage).