Norsk Renewables Balance Sheet Health
Financial Health criteria checks 1/6
Norsk Renewables has a total shareholder equity of NOK30.9M and total debt of NOK121.4M, which brings its debt-to-equity ratio to 392.8%. Its total assets and total liabilities are NOK163.3M and NOK132.4M respectively.
Key information
392.8%
Debt to equity ratio
NOK 121.36m
Debt
| Interest coverage ratio | n/a |
| Cash | NOK 55.83m |
| Equity | NOK 30.89m |
| Total liabilities | NOK 132.40m |
| Total assets | NOK 163.29m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 62L's short term assets (NOK74.8M) do not cover its short term liabilities (NOK91.0M).
Long Term Liabilities: 62L's short term assets (NOK74.8M) exceed its long term liabilities (NOK41.4M).
Debt to Equity History and Analysis
Debt Level: 62L's net debt to equity ratio (212.1%) is considered high.
Reducing Debt: 62L's debt to equity ratio has increased from 153.7% to 392.8% 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 5.8% each year