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Volue Balance Sheet Health
Financial Health criteria checks 4/6
Volue has a total shareholder equity of NOK910.8M and total debt of NOK194.3M, which brings its debt-to-equity ratio to 21.3%. Its total assets and total liabilities are NOK2.0B and NOK1.1B respectively. Volue's EBIT is NOK75.1M making its interest coverage ratio 1.9. It has cash and short-term investments of NOK192.6M.
Key information
21.3%
Debt to equity ratio
NOK 194.32m
Debt
| Interest coverage ratio | 1.9x |
| Cash | NOK 192.57m |
| Equity | NOK 910.77m |
| Total liabilities | NOK 1.10b |
| Total assets | NOK 2.01b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: VOLUEO's short term assets (NOK651.4M) do not cover its short term liabilities (NOK733.9M).
Long Term Liabilities: VOLUEO's short term assets (NOK651.4M) exceed its long term liabilities (NOK362.0M).
Debt to Equity History and Analysis
Debt Level: VOLUEO's net debt to equity ratio (0.2%) is considered satisfactory.
Reducing Debt: VOLUEO's debt to equity ratio has reduced from 54.3% to 21.3% over the past 5 years.
Debt Coverage: VOLUEO's debt is well covered by operating cash flow (167.9%).
Interest Coverage: VOLUEO's interest payments on its debt are not well covered by EBIT (1.9x coverage).