Borgestad Balance Sheet Health
Financial Health criteria checks 6/6
Borgestad has a total shareholder equity of NOK797.6M and total debt of NOK367.5M, which brings its debt-to-equity ratio to 46.1%. Its total assets and total liabilities are NOK1.4B and NOK648.6M respectively. Borgestad's EBIT is NOK93.6M making its interest coverage ratio 2. It has cash and short-term investments of NOK165.4M.
Key information
46.1%
Debt to equity ratio
kr367.46m
Debt
| Interest coverage ratio | 2x |
| Cash | kr165.39m |
| Equity | kr797.56m |
| Total liabilities | kr648.56m |
| Total assets | kr1.45b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: H46's short term assets (NOK489.6M) exceed its short term liabilities (NOK269.5M).
Long Term Liabilities: H46's short term assets (NOK489.6M) exceed its long term liabilities (NOK379.1M).
Debt to Equity History and Analysis
Debt Level: H46's net debt to equity ratio (25.3%) is considered satisfactory.
Reducing Debt: H46's debt to equity ratio has reduced from 223.6% to 46.1% 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 24.1% per year.