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ECIT Balance Sheet Health
Financial Health criteria checks 4/6
ECIT has a total shareholder equity of NOK1.8B and total debt of NOK632.0M, which brings its debt-to-equity ratio to 34.6%. Its total assets and total liabilities are NOK3.9B and NOK2.1B respectively. ECIT's EBIT is NOK251.0M making its interest coverage ratio 7.2. It has cash and short-term investments of NOK157.0M.
Key information
34.6%
Debt to equity ratio
NOK 632.00m
Debt
| Interest coverage ratio | 7.2x |
| Cash | NOK 157.00m |
| Equity | NOK 1.83b |
| Total liabilities | NOK 2.09b |
| Total assets | NOK 3.92b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 3CZ's short term assets (NOK993.0M) do not cover its short term liabilities (NOK1.1B).
Long Term Liabilities: 3CZ's short term assets (NOK993.0M) exceed its long term liabilities (NOK962.0M).
Debt to Equity History and Analysis
Debt Level: 3CZ's net debt to equity ratio (26%) is considered satisfactory.
Reducing Debt: 3CZ's debt to equity ratio has increased from 8% to 34.6% over the past 5 years.
Debt Coverage: 3CZ's debt is well covered by operating cash flow (60.9%).
Interest Coverage: 3CZ's interest payments on its debt are well covered by EBIT (7.2x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/10/17 22:49 |
| End of Day Share Price | 2024/07/31 00:00 |
| Earnings | 2024/03/31 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
ECIT AS is covered by 0 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
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