Grieg Seafood Balance Sheet Health
Financial Health criteria checks 2/6
Grieg Seafood has a total shareholder equity of NOK5.5B and total debt of NOK4.3B, which brings its debt-to-equity ratio to 78%. Its total assets and total liabilities are NOK13.1B and NOK7.6B respectively.
Key information
78.0%
Debt to equity ratio
NOK 4.26b
Debt
| Interest coverage ratio | n/a |
| Cash | NOK 365.59m |
| Equity | NOK 5.46b |
| Total liabilities | NOK 7.62b |
| Total assets | NOK 13.08b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: GSFO's short term assets (NOK5.0B) exceed its short term liabilities (NOK3.0B).
Long Term Liabilities: GSFO's short term assets (NOK5.0B) exceed its long term liabilities (NOK4.6B).
Debt to Equity History and Analysis
Debt Level: GSFO's net debt to equity ratio (71.3%) is considered high.
Reducing Debt: GSFO's debt to equity ratio has increased from 57.8% to 78% over the past 5 years.
Debt Coverage: GSFO's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: Insufficient data to determine if GSFO's interest payments on its debt are well covered by EBIT.