Norsk Renewables Balance Sheet Health
Financial Health criteria checks 1/6
Norsk Renewables has a total shareholder equity of NOK22.8M and total debt of NOK116.2M, which brings its debt-to-equity ratio to 510.1%. Its total assets and total liabilities are NOK148.4M and NOK125.6M respectively.
Key information
510.1%
Debt to equity ratio
NOK 116.21m
Debt
| Interest coverage ratio | n/a |
| Cash | NOK 29.39m |
| Equity | NOK 22.78m |
| Total liabilities | NOK 125.58m |
| Total assets | NOK 148.36m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 62L's short term assets (NOK58.8M) do not cover its short term liabilities (NOK83.8M).
Long Term Liabilities: 62L's short term assets (NOK58.8M) exceed its long term liabilities (NOK41.8M).
Debt to Equity History and Analysis
Debt Level: 62L's net debt to equity ratio (381.1%) is considered high.
Reducing Debt: 62L's debt to equity ratio has increased from 219.9% to 510.1% 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 9.6% each year
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/23 05:50 |
| End of Day Share Price | 2024/12/20 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Norsk Renewables AS is covered by 3 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Magnus Solheim | Fearnley Securities |
| Irmantas Vaskela | Norne Securities AS |
| Ignas Lekštys | Norne Securities AS |