Grieg Seafood Balance Sheet Health
Financial Health criteria checks 2/6
Grieg Seafood has a total shareholder equity of NOK6.4B and total debt of NOK3.5B, which brings its debt-to-equity ratio to 54.8%. Its total assets and total liabilities are NOK13.1B and NOK6.7B respectively. Grieg Seafood's EBIT is NOK134.6M making its interest coverage ratio 0.5. It has cash and short-term investments of NOK279.3M.
Key information
54.8%
Debt to equity ratio
kr3.50b
Debt
Interest coverage ratio | 0.5x |
Cash | kr279.31m |
Equity | kr6.39b |
Total liabilities | kr6.72b |
Total assets | kr13.10b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 0GW8's short term assets (NOK5.2B) exceed its short term liabilities (NOK1.4B).
Long Term Liabilities: 0GW8's short term assets (NOK5.2B) do not cover its long term liabilities (NOK5.3B).
Debt to Equity History and Analysis
Debt Level: 0GW8's net debt to equity ratio (50.4%) is considered high.
Reducing Debt: 0GW8's debt to equity ratio has reduced from 60% to 54.8% over the past 5 years.
Debt Coverage: 0GW8's debt is not well covered by operating cash flow (8.2%).
Interest Coverage: 0GW8's interest payments on its debt are not well covered by EBIT (0.5x coverage).