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).