GN Store Nord Balance Sheet Health
Financial Health criteria checks 2/6
GN Store Nord has a total shareholder equity of DKK9.6B and total debt of DKK13.3B, which brings its debt-to-equity ratio to 138.4%. Its total assets and total liabilities are DKK30.6B and DKK21.1B respectively. GN Store Nord's EBIT is DKK1.7B making its interest coverage ratio 6.5. It has cash and short-term investments of DKK2.2B.
Key information
138.4%
Debt to equity ratio
kr.13.27b
Debt
Interest coverage ratio | 6.5x |
Cash | kr.2.16b |
Equity | kr.9.59b |
Total liabilities | kr.21.06b |
Total assets | kr.30.64b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: GN's short term assets (DKK10.2B) do not cover its short term liabilities (DKK15.6B).
Long Term Liabilities: GN's short term assets (DKK10.2B) exceed its long term liabilities (DKK5.4B).
Debt to Equity History and Analysis
Debt Level: GN's net debt to equity ratio (115.8%) is considered high.
Reducing Debt: GN's debt to equity ratio has increased from 76.4% to 138.4% over the past 5 years.
Debt Coverage: GN's debt is not well covered by operating cash flow (19.9%).
Interest Coverage: GN's interest payments on its debt are well covered by EBIT (6.5x coverage).