Solstad Offshore Balance Sheet Health
Financial Health criteria checks 5/6
Solstad Offshore has a total shareholder equity of NOK1.8B and total debt of NOK981.3M, which brings its debt-to-equity ratio to 55%. Its total assets and total liabilities are NOK8.7B and NOK6.9B respectively. Solstad Offshore's EBIT is NOK1.1B making its interest coverage ratio 1.2. It has cash and short-term investments of NOK561.2M.
Key information
55.0%
Debt to equity ratio
NOK 981.32m
Debt
| Interest coverage ratio | 1.2x |
| Cash | NOK 561.24m |
| Equity | NOK 1.79b |
| Total liabilities | NOK 6.89b |
| Total assets | NOK 8.68b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SOFFO's short term assets (NOK1.6B) exceed its short term liabilities (NOK1.5B).
Long Term Liabilities: SOFFO's short term assets (NOK1.6B) do not cover its long term liabilities (NOK5.4B).
Debt to Equity History and Analysis
Debt Level: SOFFO's net debt to equity ratio (23.5%) is considered satisfactory.
Reducing Debt: SOFFO had negative shareholder equity 5 years ago, but is now positive and has therefore improved.
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: Whilst unprofitable SOFFO has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: SOFFO is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 21.2% per year.