Skagi hf Balance Sheet Health
Financial Health criteria checks 1/6
Skagi hf has a total shareholder equity of ISK22.3B and total debt of ISK21.5B, which brings its debt-to-equity ratio to 96.6%. Its total assets and total liabilities are ISK79.2B and ISK56.9B respectively. Skagi hf's EBIT is ISK4.3B making its interest coverage ratio 3.2. It has cash and short-term investments of ISK2.3B.
Key information
96.6%
Debt to equity ratio
ISK 21.51b
Debt
| Interest coverage ratio | 3.2x |
| Cash | ISK 2.32b |
| Equity | ISK 22.27b |
| Total liabilities | ISK 56.91b |
| Total assets | ISK 79.18b |
Recent financial health updates
No updates
Recent updates
Would Vátryggingafélag Íslands hf. (ICE:VIS) Be Valuable To Income Investors?
Mar 30
Vátryggingafélag Íslands hf.'s (ICE:VIS) Has Been On A Rise But Financial Prospects Look Weak: Is The Stock Overpriced?
Mar 01Vátryggingafélag Íslands hf (ICE:VIS) Has Gifted Shareholders With A Fantastic 149% Total Return On Their Investment
Jan 05
Does Vátryggingafélag Íslands hf.'s (ICE:VIS) Weak Fundamentals Mean That The Market Could Correct Its Share Price?
Nov 24Financial Position Analysis
Short Term Liabilities: SKAGI's short term assets (ISK12.8B) do not cover its short term liabilities (ISK28.2B).
Long Term Liabilities: SKAGI's short term assets (ISK12.8B) do not cover its long term liabilities (ISK28.7B).
Debt to Equity History and Analysis
Debt Level: SKAGI's net debt to equity ratio (86.2%) is considered high.
Reducing Debt: SKAGI's debt to equity ratio has increased from 18.4% to 96.6% over the past 5 years.
Debt Coverage: SKAGI's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: SKAGI's interest payments on its debt are well covered by EBIT (3.2x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/04/23 16:17 |
| End of Day Share Price | 2025/04/23 00:00 |
| Earnings | 2024/12/31 |
| Annual Earnings | 2024/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
| |
| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Skagi hf. is covered by 0 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.