Norsk Renewables Balance Sheet Health
Financial Health criteria checks 1/6
Norsk Renewables has a total shareholder equity of NOK12.9M and total debt of NOK122.0M, which brings its debt-to-equity ratio to 947.7%. Its total assets and total liabilities are NOK146.0M and NOK133.1M respectively.
Key information
947.7%
Debt to equity ratio
NOK 122.01m
Debt
| Interest coverage ratio | n/a |
| Cash | NOK 30.53m |
| Equity | NOK 12.87m |
| Total liabilities | NOK 133.12m |
| Total assets | NOK 145.99m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 62L's short term assets (NOK48.6M) do not cover its short term liabilities (NOK91.0M).
Long Term Liabilities: 62L's short term assets (NOK48.6M) exceed its long term liabilities (NOK42.1M).
Debt to Equity History and Analysis
Debt Level: 62L's net debt to equity ratio (710.6%) is considered high.
Reducing Debt: 62L's debt to equity ratio has increased from 80.8% to 947.7% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: 62L has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: 62L has less than a year of cash runway if free cash flow continues to reduce at historical rates of 1% each year