Olav Thon Eiendomsselskap Balance Sheet Health
Financial Health criteria checks 2/6
Olav Thon Eiendomsselskap has a total shareholder equity of NOK30.4B and total debt of NOK21.0B, which brings its debt-to-equity ratio to 69.2%. Its total assets and total liabilities are NOK60.5B and NOK30.1B respectively. Olav Thon Eiendomsselskap's EBIT is NOK3.1B making its interest coverage ratio 3.7. It has cash and short-term investments of NOK226.0M.
Key information
69.2%
Debt to equity ratio
kr21.01b
Debt
Interest coverage ratio | 3.7x |
Cash | kr226.00m |
Equity | kr30.38b |
Total liabilities | kr30.11b |
Total assets | kr60.49b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 8IL's short term assets (NOK1.3B) do not cover its short term liabilities (NOK3.1B).
Long Term Liabilities: 8IL's short term assets (NOK1.3B) do not cover its long term liabilities (NOK27.0B).
Debt to Equity History and Analysis
Debt Level: 8IL's net debt to equity ratio (68.4%) is considered high.
Reducing Debt: 8IL's debt to equity ratio has reduced from 86.1% to 69.2% over the past 5 years.
Debt Coverage: 8IL's debt is not well covered by operating cash flow (9.7%).
Interest Coverage: 8IL's interest payments on its debt are well covered by EBIT (3.7x coverage).