Solstad Offshore Balance Sheet Health
Financial Health criteria checks 3/6
Solstad Offshore has a total shareholder equity of NOK1.8B and total debt of NOK12.0B, which brings its debt-to-equity ratio to 658.4%. Its total assets and total liabilities are NOK19.6B and NOK17.8B respectively. Solstad Offshore's EBIT is NOK1.7B making its interest coverage ratio 1.1. It has cash and short-term investments of NOK501.0M.
Key information
658.4%
Debt to equity ratio
kr12.01b
Debt
Interest coverage ratio | 1.1x |
Cash | kr501.01m |
Equity | kr1.82b |
Total liabilities | kr17.81b |
Total assets | kr19.64b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 0G2Z's short term assets (NOK15.2B) do not cover its short term liabilities (NOK15.4B).
Long Term Liabilities: 0G2Z's short term assets (NOK15.2B) exceed its long term liabilities (NOK2.4B).
Debt to Equity History and Analysis
Debt Level: 0G2Z's net debt to equity ratio (630.9%) is considered high.
Reducing Debt: 0G2Z had negative shareholder equity 5 years ago, but is now positive and has therefore improved.
Debt Coverage: 0G2Z's debt is well covered by operating cash flow (22.3%).
Interest Coverage: 0G2Z's interest payments on its debt are not well covered by EBIT (1.1x coverage).