Scatec Balance Sheet Health
Financial Health criteria checks 1/6
Scatec has a total shareholder equity of NOK11.3B and total debt of NOK28.0B, which brings its debt-to-equity ratio to 248.9%. Its total assets and total liabilities are NOK43.3B and NOK32.0B respectively. Scatec's EBIT is NOK1.8B making its interest coverage ratio 0.9. It has cash and short-term investments of NOK3.3B.
Key information
248.9%
Debt to equity ratio
kr28.02b
Debt
Interest coverage ratio | 0.9x |
Cash | kr3.25b |
Equity | kr11.26b |
Total liabilities | kr32.03b |
Total assets | kr43.29b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 66T's short term assets (NOK4.7B) do not cover its short term liabilities (NOK5.2B).
Long Term Liabilities: 66T's short term assets (NOK4.7B) do not cover its long term liabilities (NOK26.8B).
Debt to Equity History and Analysis
Debt Level: 66T's net debt to equity ratio (220%) is considered high.
Reducing Debt: 66T's debt to equity ratio has reduced from 447.8% to 248.9% over the past 5 years.
Debt Coverage: 66T's debt is not well covered by operating cash flow (9.6%).
Interest Coverage: 66T's interest payments on its debt are not well covered by EBIT (0.9x coverage).