Borgestad Balance Sheet Health
Financial Health criteria checks 5/6
Borgestad has a total shareholder equity of NOK762.5M and total debt of NOK437.9M, which brings its debt-to-equity ratio to 57.4%. Its total assets and total liabilities are NOK1.5B and NOK717.7M respectively. Borgestad's EBIT is NOK95.7M making its interest coverage ratio 4.8. It has cash and short-term investments of NOK130.3M.
Key information
57.4%
Debt to equity ratio
NOK 437.92m
Debt
| Interest coverage ratio | 4.8x |
| Cash | NOK 130.26m |
| Equity | NOK 762.51m |
| Total liabilities | NOK 717.67m |
| Total assets | NOK 1.48b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: H460's short term assets (NOK549.7M) exceed its short term liabilities (NOK336.1M).
Long Term Liabilities: H460's short term assets (NOK549.7M) exceed its long term liabilities (NOK381.6M).
Debt to Equity History and Analysis
Debt Level: H460's net debt to equity ratio (40.3%) is considered high.
Reducing Debt: H460's debt to equity ratio has reduced from 225.8% to 57.4% 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 H460 has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: H460 is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 37.9% per year.