GN Store Nord Balance Sheet Health
Financial Health criteria checks 4/6
GN Store Nord has a total shareholder equity of DKK10.2B and total debt of DKK11.3B, which brings its debt-to-equity ratio to 111.1%. Its total assets and total liabilities are DKK29.6B and DKK19.4B respectively. GN Store Nord's EBIT is DKK2.3B making its interest coverage ratio 7.3. It has cash and short-term investments of DKK1.1B.
Key information
111.1%
Debt to equity ratio
DKK 11.31b
Debt
| Interest coverage ratio | 7.3x |
| Cash | DKK 1.10b |
| Equity | DKK 10.19b |
| Total liabilities | DKK 19.40b |
| Total assets | DKK 29.58b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: GN's short term assets (DKK9.2B) do not cover its short term liabilities (DKK13.4B).
Long Term Liabilities: GN's short term assets (DKK9.2B) exceed its long term liabilities (DKK6.0B).
Debt to Equity History and Analysis
Debt Level: GN's net debt to equity ratio (100.3%) is considered high.
Reducing Debt: GN's debt to equity ratio has reduced from 111.3% to 111.1% over the past 5 years.
Debt Coverage: GN's debt is well covered by operating cash flow (27.9%).
Interest Coverage: GN's interest payments on its debt are well covered by EBIT (7.3x coverage).