Nordic Mining Balance Sheet Health
Financial Health criteria checks 3/6
Nordic Mining has a total shareholder equity of NOK496.3M and total debt of NOK143.4M, which brings its debt-to-equity ratio to 28.9%. Its total assets and total liabilities are NOK704.6M and NOK208.3M respectively.
Key information
28.9%
Debt to equity ratio
NOK 143.38m
Debt
| Interest coverage ratio | n/a |
| Cash | NOK 525.48m |
| Equity | NOK 496.26m |
| Total liabilities | NOK 208.33m |
| Total assets | NOK 704.59m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: NOMO's short term assets (NOK536.3M) exceed its short term liabilities (NOK207.7M).
Long Term Liabilities: NOMO's short term assets (NOK536.3M) exceed its long term liabilities (NOK614.0K).
Debt to Equity History and Analysis
Debt Level: NOMO has more cash than its total debt.
Reducing Debt: NOMO's debt to equity ratio has increased from 0% to 28.9% over the past 5 years.
Debt Coverage: NOMO's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: Insufficient data to determine if NOMO's interest payments on its debt are well covered by EBIT.