Elmera Group Balance Sheet Health
Financial Health criteria checks 3/6
Elmera Group has a total shareholder equity of NOK1.4B and total debt of NOK1.0B, which brings its debt-to-equity ratio to 74.5%. Its total assets and total liabilities are NOK5.2B and NOK3.8B respectively. Elmera Group's EBIT is NOK244.0M making its interest coverage ratio 1.6. It has cash and short-term investments of NOK910.7M.
Key information
74.5%
Debt to equity ratio
NOK 1.04b
Debt
| Interest coverage ratio | 1.6x |
| Cash | NOK 910.75m |
| Equity | NOK 1.40b |
| Total liabilities | NOK 3.81b |
| Total assets | NOK 5.21b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ELMRAO's short term assets (NOK2.1B) do not cover its short term liabilities (NOK2.2B).
Long Term Liabilities: ELMRAO's short term assets (NOK2.1B) exceed its long term liabilities (NOK1.6B).
Debt to Equity History and Analysis
Debt Level: ELMRAO's net debt to equity ratio (9.3%) is considered satisfactory.
Reducing Debt: ELMRAO's debt to equity ratio has increased from 32.6% to 74.5% over the past 5 years.
Debt Coverage: ELMRAO's debt is well covered by operating cash flow (60.7%).
Interest Coverage: ELMRAO's interest payments on its debt are not well covered by EBIT (1.6x coverage).