Eidesvik Offshore Balance Sheet Health
Financial Health criteria checks 3/6
Eidesvik Offshore has a total shareholder equity of NOK1.1B and total debt of NOK781.3M, which brings its debt-to-equity ratio to 69.6%. Its total assets and total liabilities are NOK2.3B and NOK1.2B respectively. Eidesvik Offshore's EBIT is NOK89.4M making its interest coverage ratio 1. It has cash and short-term investments of NOK332.3M.
Key information
69.6%
Debt to equity ratio
NOK 781.27m
Debt
| Interest coverage ratio | 1x |
| Cash | NOK 332.29m |
| Equity | NOK 1.12b |
| Total liabilities | NOK 1.16b |
| Total assets | NOK 2.29b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: EIOFO's short term assets (NOK672.3M) exceed its short term liabilities (NOK418.7M).
Long Term Liabilities: EIOFO's short term assets (NOK672.3M) do not cover its long term liabilities (NOK745.3M).
Debt to Equity History and Analysis
Debt Level: EIOFO's net debt to equity ratio (40%) is considered high.
Reducing Debt: EIOFO's debt to equity ratio has reduced from 148.7% to 69.6% over the past 5 years.
Debt Coverage: EIOFO's debt is well covered by operating cash flow (33.8%).
Interest Coverage: EIOFO's interest payments on its debt are not well covered by EBIT (1x coverage).