Ölgerðin Egill Skallagrímsson hf Balance Sheet Health
Financial Health criteria checks 4/6
Ölgerðin Egill Skallagrímsson hf has a total shareholder equity of ISK15.3B and total debt of ISK7.6B, which brings its debt-to-equity ratio to 49.5%. Its total assets and total liabilities are ISK31.9B and ISK16.6B respectively. Ölgerðin Egill Skallagrímsson hf's EBIT is ISK4.0B making its interest coverage ratio 5. It has cash and short-term investments of ISK158.5M.
Key information
49.5%
Debt to equity ratio
ISK 7.57b
Debt
| Interest coverage ratio | 5x |
| Cash | ISK 158.48m |
| Equity | ISK 15.30b |
| Total liabilities | ISK 16.61b |
| Total assets | ISK 31.91b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: OLGERD's short term assets (ISK8.8B) do not cover its short term liabilities (ISK9.6B).
Long Term Liabilities: OLGERD's short term assets (ISK8.8B) exceed its long term liabilities (ISK7.1B).
Debt to Equity History and Analysis
Debt Level: OLGERD's net debt to equity ratio (48.4%) is considered high.
Reducing Debt: OLGERD's debt to equity ratio has reduced from 201.8% to 49.5% over the past 5 years.
Debt Coverage: OLGERD's debt is well covered by operating cash flow (32.1%).
Interest Coverage: OLGERD's interest payments on its debt are well covered by EBIT (5x coverage).