Volue Balance Sheet Health
Financial Health criteria checks 4/6
Volue has a total shareholder equity of NOK901.3M and total debt of NOK192.3M, which brings its debt-to-equity ratio to 21.3%. Its total assets and total liabilities are NOK2.3B and NOK1.4B respectively. Volue's EBIT is NOK85.4M making its interest coverage ratio 3. It has cash and short-term investments of NOK348.9M.
Key information
21.3%
Debt to equity ratio
kr192.31m
Debt
Interest coverage ratio | 3x |
Cash | kr348.92m |
Equity | kr901.33m |
Total liabilities | kr1.41b |
Total assets | kr2.31b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 642's short term assets (NOK944.1M) do not cover its short term liabilities (NOK1.0B).
Long Term Liabilities: 642's short term assets (NOK944.1M) exceed its long term liabilities (NOK387.3M).
Debt to Equity History and Analysis
Debt Level: 642 has more cash than its total debt.
Reducing Debt: 642's debt to equity ratio has reduced from 46% to 21.3% over the past 5 years.
Debt Coverage: 642's debt is well covered by operating cash flow (177.1%).
Interest Coverage: 642's interest payments on its debt are not well covered by EBIT (3x coverage).