Norske Skog Balance Sheet Health
Financial Health criteria checks 1/6
Norske Skog has a total shareholder equity of NOK6.1B and total debt of NOK5.3B, which brings its debt-to-equity ratio to 86.8%. Its total assets and total liabilities are NOK14.8B and NOK8.7B respectively. Norske Skog's EBIT is NOK207.0M making its interest coverage ratio 1.5. It has cash and short-term investments of NOK1.6B.
Key information
86.8%
Debt to equity ratio
NOK 5.32b
Debt
| Interest coverage ratio | 1.5x |
| Cash | NOK 1.61b |
| Equity | NOK 6.13b |
| Total liabilities | NOK 8.69b |
| Total assets | NOK 14.82b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 0BQ's short term assets (NOK4.7B) exceed its short term liabilities (NOK3.0B).
Long Term Liabilities: 0BQ's short term assets (NOK4.7B) do not cover its long term liabilities (NOK5.7B).
Debt to Equity History and Analysis
Debt Level: 0BQ's net debt to equity ratio (60.6%) is considered high.
Reducing Debt: 0BQ's debt to equity ratio has increased from 31.2% to 86.8% over the past 5 years.
Debt Coverage: 0BQ's debt is not well covered by operating cash flow (17.5%).
Interest Coverage: 0BQ's interest payments on its debt are not well covered by EBIT (1.5x coverage).