Hexagon Composites Balance Sheet Health
Financial Health criteria checks 5/6
Hexagon Composites has a total shareholder equity of NOK4.1B and total debt of NOK1.1B, which brings its debt-to-equity ratio to 26.8%. Its total assets and total liabilities are NOK7.3B and NOK3.2B respectively. Hexagon Composites's EBIT is NOK309.9M making its interest coverage ratio 2.1. It has cash and short-term investments of NOK516.9M.
Key information
26.8%
Debt to equity ratio
NOK 1.09b
Debt
| Interest coverage ratio | 2.1x |
| Cash | NOK 516.89m |
| Equity | NOK 4.06b |
| Total liabilities | NOK 3.22b |
| Total assets | NOK 7.28b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 0EOF's short term assets (NOK2.5B) exceed its short term liabilities (NOK1.1B).
Long Term Liabilities: 0EOF's short term assets (NOK2.5B) exceed its long term liabilities (NOK2.1B).
Debt to Equity History and Analysis
Debt Level: 0EOF's net debt to equity ratio (14.1%) is considered satisfactory.
Reducing Debt: 0EOF's debt to equity ratio has reduced from 60.1% to 26.8% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: 0EOF has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: Insufficient data to determine if 0EOF has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.