Nordic Lights Group Oyj Balance Sheet Health
Financial Health criteria checks 5/6
Nordic Lights Group Oyj has a total shareholder equity of €36.2M and total debt of €18.1M, which brings its debt-to-equity ratio to 50%. Its total assets and total liabilities are €67.5M and €31.3M respectively. Nordic Lights Group Oyj's EBIT is €7.4M making its interest coverage ratio -13.9. It has cash and short-term investments of €12.8M.
Key information
50.0%
Debt to equity ratio
€18.08m
Debt
| Interest coverage ratio | -13.9x |
| Cash | €12.82m |
| Equity | €36.19m |
| Total liabilities | €31.26m |
| Total assets | €67.45m |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: NORDLIG's short term assets (€37.6M) exceed its short term liabilities (€13.2M).
Long Term Liabilities: NORDLIG's short term assets (€37.6M) exceed its long term liabilities (€18.1M).
Debt to Equity History and Analysis
Debt Level: NORDLIG's net debt to equity ratio (14.5%) is considered satisfactory.
Reducing Debt: Insufficient data to determine if NORDLIG's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: NORDLIG's debt is well covered by operating cash flow (39.3%).
Interest Coverage: NORDLIG earns more interest than it pays, so coverage of interest payments is not a concern.