Borregaard Balance Sheet Health
Financial Health criteria checks 4/6
Borregaard has a total shareholder equity of NOK4.1B and total debt of NOK2.2B, which brings its debt-to-equity ratio to 52%. Its total assets and total liabilities are NOK8.7B and NOK4.6B respectively. Borregaard's EBIT is NOK1.3B making its interest coverage ratio 11.8. It has cash and short-term investments of NOK365.0M.
Key information
52.0%
Debt to equity ratio
NOK 2.15b
Debt
Interest coverage ratio | 11.8x |
Cash | NOK 365.00m |
Equity | NOK 4.13b |
Total liabilities | NOK 4.59b |
Total assets | NOK 8.73b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: BRGO's short term assets (NOK3.3B) exceed its short term liabilities (NOK2.1B).
Long Term Liabilities: BRGO's short term assets (NOK3.3B) exceed its long term liabilities (NOK2.5B).
Debt to Equity History and Analysis
Debt Level: BRGO's net debt to equity ratio (43.2%) is considered high.
Reducing Debt: BRGO's debt to equity ratio has increased from 41.2% to 52% over the past 5 years.
Debt Coverage: BRGO's debt is well covered by operating cash flow (53.3%).
Interest Coverage: BRGO's interest payments on its debt are well covered by EBIT (11.8x coverage).