Veidekke Balance Sheet Health

Financial Health criteria checks 5/6

Veidekke has a total shareholder equity of NOK2.9B and total debt of NOK548.0M, which brings its debt-to-equity ratio to 19%. Its total assets and total liabilities are NOK17.7B and NOK14.8B respectively. Veidekke's EBIT is NOK1.6B making its interest coverage ratio -15.4. It has cash and short-term investments of NOK2.5B.

Key information

19.0%

Debt to equity ratio

NOK 548.00m

Debt

Interest coverage ratio-15.4x
CashNOK 2.45b
EquityNOK 2.89b
Total liabilitiesNOK 14.84b
Total assetsNOK 17.72b

Recent financial health updates

Recent updates

Financial Position Analysis

Short Term Liabilities: 0GF6's short term assets (NOK10.4B) do not cover its short term liabilities (NOK12.6B).

Long Term Liabilities: 0GF6's short term assets (NOK10.4B) exceed its long term liabilities (NOK2.3B).


Debt to Equity History and Analysis

Debt Level: 0GF6 has more cash than its total debt.

Reducing Debt: 0GF6's debt to equity ratio has reduced from 136% to 19% over the past 5 years.

Debt Coverage: 0GF6's debt is well covered by operating cash flow (528.1%).

Interest Coverage: 0GF6 earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


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