Elmera Group Balance Sheet Health
Financial Health criteria checks 3/6
Elmera Group has a total shareholder equity of NOK1.6B and total debt of NOK1.3B, which brings its debt-to-equity ratio to 78.7%. Its total assets and total liabilities are NOK6.9B and NOK5.3B respectively. Elmera Group's EBIT is NOK390.4M making its interest coverage ratio 2.9. It has cash and short-term investments of NOK114.3M.
Key information
78.7%
Debt to equity ratio
kr1.29b
Debt
Interest coverage ratio | 2.9x |
Cash | kr114.35m |
Equity | kr1.65b |
Total liabilities | kr5.27b |
Total assets | kr6.92b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 1ZK's short term assets (NOK3.7B) exceed its short term liabilities (NOK3.6B).
Long Term Liabilities: 1ZK's short term assets (NOK3.7B) exceed its long term liabilities (NOK1.6B).
Debt to Equity History and Analysis
Debt Level: 1ZK's net debt to equity ratio (71.7%) is considered high.
Reducing Debt: 1ZK's debt to equity ratio has increased from 18% to 78.7% over the past 5 years.
Debt Coverage: 1ZK's debt is well covered by operating cash flow (49.6%).
Interest Coverage: 1ZK's interest payments on its debt are not well covered by EBIT (2.9x coverage).