Norwegian Air Shuttle Balance Sheet Health
Financial Health criteria checks 5/6
Norwegian Air Shuttle has a total shareholder equity of NOK5.8B and total debt of NOK3.7B, which brings its debt-to-equity ratio to 64.9%. Its total assets and total liabilities are NOK30.6B and NOK24.8B respectively. Norwegian Air Shuttle's EBIT is NOK2.3B making its interest coverage ratio 5. It has cash and short-term investments of NOK9.5B.
Key information
64.9%
Debt to equity ratio
kr3.75b
Debt
Interest coverage ratio | 5x |
Cash | kr9.48b |
Equity | kr5.77b |
Total liabilities | kr24.78b |
Total assets | kr30.55b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: NWC's short term assets (NOK13.0B) exceed its short term liabilities (NOK9.0B).
Long Term Liabilities: NWC's short term assets (NOK13.0B) do not cover its long term liabilities (NOK15.8B).
Debt to Equity History and Analysis
Debt Level: NWC has more cash than its total debt.
Reducing Debt: NWC's debt to equity ratio has reduced from 1985.3% to 64.9% over the past 5 years.
Debt Coverage: NWC's debt is well covered by operating cash flow (140.4%).
Interest Coverage: NWC's interest payments on its debt are well covered by EBIT (5x coverage).