Norbit Balance Sheet Health
Financial Health criteria checks 6/6
Norbit has a total shareholder equity of NOK793.4M and total debt of NOK211.5M, which brings its debt-to-equity ratio to 26.7%. Its total assets and total liabilities are NOK1.5B and NOK703.0M respectively. Norbit's EBIT is NOK284.0M making its interest coverage ratio 9.9. It has cash and short-term investments of NOK60.7M.
Key information
26.7%
Debt to equity ratio
kr211.50m
Debt
Interest coverage ratio | 9.9x |
Cash | kr60.70m |
Equity | kr793.40m |
Total liabilities | kr703.00m |
Total assets | kr1.50b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 4NK's short term assets (NOK841.1M) exceed its short term liabilities (NOK531.1M).
Long Term Liabilities: 4NK's short term assets (NOK841.1M) exceed its long term liabilities (NOK171.9M).
Debt to Equity History and Analysis
Debt Level: 4NK's net debt to equity ratio (19%) is considered satisfactory.
Reducing Debt: 4NK's debt to equity ratio has reduced from 107.6% to 26.7% over the past 5 years.
Debt Coverage: 4NK's debt is well covered by operating cash flow (163.5%).
Interest Coverage: 4NK's interest payments on its debt are well covered by EBIT (9.9x coverage).