Scatec Balance Sheet Health
Financial Health criteria checks 1/6
Scatec has a total shareholder equity of NOK12.3B and total debt of NOK27.3B, which brings its debt-to-equity ratio to 222.8%. Its total assets and total liabilities are NOK43.5B and NOK31.2B respectively. Scatec's EBIT is NOK2.2B making its interest coverage ratio 0.9. It has cash and short-term investments of NOK2.8B.
Key information
222.8%
Debt to equity ratio
NOK 27.34b
Debt
| Interest coverage ratio | 0.9x |
| Cash | NOK 2.81b |
| Equity | NOK 12.27b |
| Total liabilities | NOK 31.21b |
| Total assets | NOK 43.48b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 66T's short term assets (NOK6.8B) do not cover its short term liabilities (NOK6.9B).
Long Term Liabilities: 66T's short term assets (NOK6.8B) do not cover its long term liabilities (NOK24.3B).
Debt to Equity History and Analysis
Debt Level: 66T's net debt to equity ratio (199.9%) is considered high.
Reducing Debt: 66T's debt to equity ratio has reduced from 366.7% to 222.8% over the past 5 years.
Debt Coverage: 66T's debt is not well covered by operating cash flow (9.5%).
Interest Coverage: 66T's interest payments on its debt are not well covered by EBIT (0.9x coverage).