Goodtech Balance Sheet Health
Financial Health criteria checks 6/6
Goodtech has a total shareholder equity of NOK286.6M and total debt of NOK35.0M, which brings its debt-to-equity ratio to 12.2%. Its total assets and total liabilities are NOK572.0M and NOK285.4M respectively. Goodtech's EBIT is NOK28.0M making its interest coverage ratio -11.2. It has cash and short-term investments of NOK101.8M.
Key information
12.2%
Debt to equity ratio
NOK 35.00m
Debt
| Interest coverage ratio | -11.2x |
| Cash | NOK 101.80m |
| Equity | NOK 286.60m |
| Total liabilities | NOK 285.40m |
| Total assets | NOK 572.00m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 0ELH's short term assets (NOK286.2M) exceed its short term liabilities (NOK249.1M).
Long Term Liabilities: 0ELH's short term assets (NOK286.2M) exceed its long term liabilities (NOK36.3M).
Debt to Equity History and Analysis
Debt Level: 0ELH has more cash than its total debt.
Reducing Debt: 0ELH's debt to equity ratio has reduced from 15.4% to 12.2% over the past 5 years.
Debt Coverage: 0ELH's debt is well covered by operating cash flow (176.6%).
Interest Coverage: 0ELH earns more interest than it pays, so coverage of interest payments is not a concern.