OKEA Balance Sheet Health
Financial Health criteria checks 3/6
OKEA has a total shareholder equity of NOK676.2M and total debt of NOK1.8B, which brings its debt-to-equity ratio to 269.4%. Its total assets and total liabilities are NOK18.6B and NOK17.9B respectively. OKEA's EBIT is NOK2.8B making its interest coverage ratio 185.8. It has cash and short-term investments of NOK2.1B.
Key information
269.4%
Debt to equity ratio
NOK 1.82b
Debt
| Interest coverage ratio | 185.8x |
| Cash | NOK 2.13b |
| Equity | NOK 676.21m |
| Total liabilities | NOK 17.92b |
| Total assets | NOK 18.60b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: OKEAO's short term assets (NOK5.0B) do not cover its short term liabilities (NOK5.5B).
Long Term Liabilities: OKEAO's short term assets (NOK5.0B) do not cover its long term liabilities (NOK12.4B).
Debt to Equity History and Analysis
Debt Level: OKEAO has more cash than its total debt.
Reducing Debt: OKEAO's debt to equity ratio has increased from 171.7% to 269.4% over the past 5 years.
Debt Coverage: OKEAO's debt is well covered by operating cash flow (283.4%).
Interest Coverage: OKEAO's interest payments on its debt are well covered by EBIT (185.8x coverage).