Norway Royal Salmon Balance Sheet Health
Financial Health criteria checks 3/6
Norway Royal Salmon has a total shareholder equity of NOK4.7B and total debt of NOK2.0B, which brings its debt-to-equity ratio to 42.1%. Its total assets and total liabilities are NOK8.8B and NOK4.2B respectively. Norway Royal Salmon's EBIT is NOK442.2M making its interest coverage ratio 5.2. It has cash and short-term investments of NOK79.8M.
Key information
42.1%
Debt to equity ratio
kr1.96b
Debt
Interest coverage ratio | 5.2x |
Cash | kr79.83m |
Equity | kr4.66b |
Total liabilities | kr4.15b |
Total assets | kr8.81b |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: NRSO's short term assets (NOK2.5B) exceed its short term liabilities (NOK1.3B).
Long Term Liabilities: NRSO's short term assets (NOK2.5B) do not cover its long term liabilities (NOK2.8B).
Debt to Equity History and Analysis
Debt Level: NRSO's net debt to equity ratio (40.4%) is considered high.
Reducing Debt: NRSO's debt to equity ratio has increased from 28.6% to 42.1% over the past 5 years.
Debt Coverage: NRSO's debt is well covered by operating cash flow (34.6%).
Interest Coverage: NRSO's interest payments on its debt are well covered by EBIT (5.2x coverage).