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.
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2023/10/05 12:34 |
| End of Day Share Price | 2023/09/19 00:00 |
| Earnings | 2023/06/30 |
| Annual Earnings | 2022/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
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Analyst Sources
Nordic Lights Group Oyj is covered by 0 analysts. of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
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