Gjensidige Forsikring Balance Sheet Health
Financial Health criteria checks 4/6
Gjensidige Forsikring has a total shareholder equity of NOK24.9B and total debt of NOK3.4B, which brings its debt-to-equity ratio to 13.8%. Its total assets and total liabilities are NOK167.6B and NOK142.7B respectively. Gjensidige Forsikring's EBIT is NOK7.3B making its interest coverage ratio 12.3. It has cash and short-term investments of NOK72.2B.
Key information
13.8%
Debt to equity ratio
NOK 3.43b
Debt
| Interest coverage ratio | 12.3x |
| Cash | NOK 72.19b |
| Equity | NOK 24.91b |
| Total liabilities | NOK 142.69b |
| Total assets | NOK 167.60b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: XGJ0's short term assets (NOK83.6B) exceed its short term liabilities (NOK3.0B).
Long Term Liabilities: XGJ0's short term assets (NOK83.6B) do not cover its long term liabilities (NOK139.6B).
Debt to Equity History and Analysis
Debt Level: XGJ0 has more cash than its total debt.
Reducing Debt: XGJ0's debt to equity ratio has increased from 6% to 13.8% over the past 5 years.
Debt Coverage: XGJ0's debt is well covered by operating cash flow (119.9%).
Interest Coverage: XGJ0's interest payments on its debt are well covered by EBIT (12.3x coverage).