Norske Skog Balance Sheet Health
Financial Health criteria checks 4/6
Norske Skog has a total shareholder equity of NOK6.0B and total debt of NOK5.2B, which brings its debt-to-equity ratio to 86%. Its total assets and total liabilities are NOK14.6B and NOK8.6B respectively. Norske Skog's EBIT is NOK908.0M making its interest coverage ratio 6.7. It has cash and short-term investments of NOK1.9B.
Key information
86.0%
Debt to equity ratio
NOK 5.16b
Debt
| Interest coverage ratio | 6.7x |
| Cash | NOK 1.92b |
| Equity | NOK 6.00b |
| Total liabilities | NOK 8.64b |
| Total assets | NOK 14.64b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: NSKOGO's short term assets (NOK5.0B) exceed its short term liabilities (NOK2.9B).
Long Term Liabilities: NSKOGO's short term assets (NOK5.0B) do not cover its long term liabilities (NOK5.8B).
Debt to Equity History and Analysis
Debt Level: NSKOGO's net debt to equity ratio (54.1%) is considered high.
Reducing Debt: NSKOGO's debt to equity ratio has reduced from 134.5% to 86% over the past 5 years.
Debt Coverage: NSKOGO's debt is well covered by operating cash flow (27.7%).
Interest Coverage: NSKOGO's interest payments on its debt are well covered by EBIT (6.7x coverage).