Borgestad Balance Sheet Health
Financial Health criteria checks 4/6
Borgestad has a total shareholder equity of NOK598.5M and total debt of NOK667.9M, which brings its debt-to-equity ratio to 111.6%. Its total assets and total liabilities are NOK1.6B and NOK987.5M respectively. Borgestad's EBIT is NOK53.7M making its interest coverage ratio 1.1. It has cash and short-term investments of NOK67.2M.
Key information
111.6%
Debt to equity ratio
NOK 667.89m
Debt
| Interest coverage ratio | 1.1x |
| Cash | NOK 67.25m |
| Equity | NOK 598.51m |
| Total liabilities | NOK 987.49m |
| Total assets | NOK 1.59b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 0DTO's short term assets (NOK483.2M) exceed its short term liabilities (NOK299.1M).
Long Term Liabilities: 0DTO's short term assets (NOK483.2M) do not cover its long term liabilities (NOK688.4M).
Debt to Equity History and Analysis
Debt Level: 0DTO's net debt to equity ratio (100.4%) is considered high.
Reducing Debt: 0DTO's debt to equity ratio has reduced from 217.6% to 111.6% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: 0DTO has sufficient cash runway for 7 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: 0DTO is forecast to have sufficient cash runway for 4 months based on free cash flow estimates, but has since raised additional capital.