Grieg Seafood Balance Sheet Health
Financial Health criteria checks 2/6
Grieg Seafood has a total shareholder equity of NOK5.4B and total debt of NOK4.6B, which brings its debt-to-equity ratio to 83.8%. Its total assets and total liabilities are NOK13.8B and NOK8.4B respectively.
Key information
83.8%
Debt to equity ratio
NOK 4.55b
Debt
| Interest coverage ratio | n/a |
| Cash | NOK 155.11m |
| Equity | NOK 5.43b |
| Total liabilities | NOK 8.38b |
| Total assets | NOK 13.82b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: GSFO's short term assets (NOK5.5B) exceed its short term liabilities (NOK3.4B).
Long Term Liabilities: GSFO's short term assets (NOK5.5B) exceed its long term liabilities (NOK4.9B).
Debt to Equity History and Analysis
Debt Level: GSFO's net debt to equity ratio (81%) is considered high.
Reducing Debt: GSFO's debt to equity ratio has increased from 48.7% to 83.8% 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.