Festi hf Balance Sheet Health
Financial Health criteria checks 3/6
Festi hf has a total shareholder equity of ISK35.1B and total debt of ISK28.7B, which brings its debt-to-equity ratio to 81.6%. Its total assets and total liabilities are ISK97.7B and ISK62.6B respectively. Festi hf's EBIT is ISK7.3B making its interest coverage ratio 2.2. It has cash and short-term investments of ISK3.0B.
Key information
81.6%
Debt to equity ratio
Kr28.67b
Debt
| Interest coverage ratio | 2.2x |
| Cash | Kr2.96b |
| Equity | Kr35.14b |
| Total liabilities | Kr62.56b |
| Total assets | Kr97.70b |
Recent financial health updates
Is Festi hf (ICE:FESTI) A Risky Investment?
May 09
Does Festi hf (ICE:FESTI) Have A Healthy Balance Sheet?
Sep 23Does Festi hf (ICE:FESTI) Have A Healthy Balance Sheet?
Apr 07Here's Why Festi hf (ICE:FESTI) Has A Meaningful Debt Burden
Jan 04
Recent updates
Is Festi hf (ICE:FESTI) A Risky Investment?
May 09Does Festi hf (ICE:FESTI) Have A Healthy Balance Sheet?
Sep 23Festi hf (ICE:FESTI) Is Increasing Its Dividend To Kr5.00
Mar 02Is Now The Time To Put Festi hf (ICE:FESTI) On Your Watchlist?
Oct 02How Does Festi hf. (ICE:FESTI) Fare As A Dividend Stock?
May 03Does Festi hf (ICE:FESTI) Have A Healthy Balance Sheet?
Apr 07Festi hf. (ICE:FESTI) Will Pay A Kr3.00 Dividend In Two Days
Mar 18Festi hf. (ICE:FESTI) Delivered A Weaker ROE Than Its Industry
Mar 03The Trends At Festi hf (ICE:FESTI) That You Should Know About
Feb 15What Type Of Shareholders Own The Most Number of Festi hf. (ICE:FESTI) Shares?
Feb 02Festi hf. (ICE:FESTI) Has Got What It Takes To Be An Attractive Dividend Stock
Jan 20Here's Why Festi hf (ICE:FESTI) Has A Meaningful Debt Burden
Jan 04Festi hf (ICE:FESTI) Has Rewarded Shareholders With An Exceptional 304% Total Return On Their Investment
Dec 22Does Festi hf's (ICE:FESTI) Statutory Profit Adequately Reflect Its Underlying Profit?
Dec 07Is Festi hf.'s (ICE:FESTI) 8.3% ROE Worse Than Average?
Nov 22We're Watching These Trends At Festi hf (ICE:FESTI)
Jul 30Investors Continue Waiting On Sidelines For Festi hf. (ICE:FESTI)
Jul 18How Does Festi hf. (ICE:FESTI) Fare As A Dividend Stock?
Jul 06Financial Position Analysis
Short Term Liabilities: FESTI's short term assets (ISK24.9B) exceed its short term liabilities (ISK21.4B).
Long Term Liabilities: FESTI's short term assets (ISK24.9B) do not cover its long term liabilities (ISK41.1B).
Debt to Equity History and Analysis
Debt Level: FESTI's net debt to equity ratio (73.2%) is considered high.
Reducing Debt: FESTI's debt to equity ratio has reduced from 142.9% to 81.6% over the past 5 years.
Debt Coverage: FESTI's debt is well covered by operating cash flow (30.4%).
Interest Coverage: FESTI's interest payments on its debt are not well covered by EBIT (2.2x coverage).