Borgestad Balance Sheet Health
Financial Health criteria checks 6/6
Borgestad has a total shareholder equity of NOK765.6M and total debt of NOK401.3M, which brings its debt-to-equity ratio to 52.4%. Its total assets and total liabilities are NOK1.4B and NOK663.2M respectively. Borgestad's EBIT is NOK72.5M making its interest coverage ratio 2.7. It has cash and short-term investments of NOK147.1M.
Key information
52.4%
Debt to equity ratio
NOK 401.33m
Debt
| Interest coverage ratio | 2.7x |
| Cash | NOK 147.11m |
| Equity | NOK 765.62m |
| Total liabilities | NOK 663.21m |
| Total assets | NOK 1.43b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: H46's short term assets (NOK477.1M) exceed its short term liabilities (NOK279.3M).
Long Term Liabilities: H46's short term assets (NOK477.1M) exceed its long term liabilities (NOK383.9M).
Debt to Equity History and Analysis
Debt Level: H46's net debt to equity ratio (33.2%) is considered satisfactory.
Reducing Debt: H46's debt to equity ratio has reduced from 218.6% to 52.4% 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: Whilst unprofitable H46 has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: H46 is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 31.4% per year.