Lerøy Seafood Group Balance Sheet Health
Financial Health criteria checks 5/6
Lerøy Seafood Group has a total shareholder equity of NOK19.6B and total debt of NOK8.7B, which brings its debt-to-equity ratio to 44.1%. Its total assets and total liabilities are NOK40.1B and NOK20.5B respectively. Lerøy Seafood Group's EBIT is NOK3.7B making its interest coverage ratio 10.4. It has cash and short-term investments of NOK3.8B.
Key information
44.1%
Debt to equity ratio
kr8.67b
Debt
Interest coverage ratio | 10.4x |
Cash | kr3.83b |
Equity | kr19.64b |
Total liabilities | kr20.49b |
Total assets | kr40.12b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: LSGO's short term assets (NOK18.9B) exceed its short term liabilities (NOK6.8B).
Long Term Liabilities: LSGO's short term assets (NOK18.9B) exceed its long term liabilities (NOK13.7B).
Debt to Equity History and Analysis
Debt Level: LSGO's net debt to equity ratio (24.7%) is considered satisfactory.
Reducing Debt: LSGO's debt to equity ratio has increased from 37.2% to 44.1% over the past 5 years.
Debt Coverage: LSGO's debt is well covered by operating cash flow (31.4%).
Interest Coverage: LSGO's interest payments on its debt are well covered by EBIT (10.4x coverage).