Elkem Balance Sheet Health
Financial Health criteria checks 3/6
Elkem has a total shareholder equity of NOK24.7B and total debt of NOK15.8B, which brings its debt-to-equity ratio to 64%. Its total assets and total liabilities are NOK51.0B and NOK26.2B respectively. Elkem's EBIT is NOK175.0M making its interest coverage ratio 0.3. It has cash and short-term investments of NOK5.8B.
Key information
64.0%
Debt to equity ratio
kr15.85b
Debt
Interest coverage ratio | 0.3x |
Cash | kr5.85b |
Equity | kr24.74b |
Total liabilities | kr26.22b |
Total assets | kr50.96b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 0SFN's short term assets (NOK21.0B) exceed its short term liabilities (NOK10.5B).
Long Term Liabilities: 0SFN's short term assets (NOK21.0B) exceed its long term liabilities (NOK15.7B).
Debt to Equity History and Analysis
Debt Level: 0SFN's net debt to equity ratio (40.4%) is considered high.
Reducing Debt: 0SFN's debt to equity ratio has reduced from 74.6% to 64% over the past 5 years.
Debt Coverage: 0SFN's debt is not well covered by operating cash flow (18.7%).
Interest Coverage: 0SFN's interest payments on its debt are not well covered by EBIT (0.3x coverage).