Odfjell Technology Balance Sheet Health
Financial Health criteria checks 4/6
Odfjell Technology has a total shareholder equity of NOK1.1B and total debt of NOK1.1B, which brings its debt-to-equity ratio to 102.3%. Its total assets and total liabilities are NOK3.8B and NOK2.7B respectively. Odfjell Technology's EBIT is NOK482.5M making its interest coverage ratio 3.6. It has cash and short-term investments of NOK597.3M.
Key information
102.3%
Debt to equity ratio
kr1.10b
Debt
Interest coverage ratio | 3.6x |
Cash | kr597.30m |
Equity | kr1.08b |
Total liabilities | kr2.73b |
Total assets | kr3.81b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: OTLO's short term assets (NOK1.9B) exceed its short term liabilities (NOK984.8M).
Long Term Liabilities: OTLO's short term assets (NOK1.9B) exceed its long term liabilities (NOK1.7B).
Debt to Equity History and Analysis
Debt Level: OTLO's net debt to equity ratio (46.8%) is considered high.
Reducing Debt: OTLO's debt to equity ratio has increased from 2.8% to 102.3% over the past 5 years.
Debt Coverage: OTLO's debt is well covered by operating cash flow (59.9%).
Interest Coverage: OTLO's interest payments on its debt are well covered by EBIT (3.6x coverage).