Klappir Grænar Lausnir hf Balance Sheet Health
Financial Health criteria checks 3/6
Klappir Grænar Lausnir hf has a total shareholder equity of ISK378.7M and total debt of ISK348.5M, which brings its debt-to-equity ratio to 92%. Its total assets and total liabilities are ISK804.9M and ISK426.2M respectively. Klappir Grænar Lausnir hf's EBIT is ISK46.0M making its interest coverage ratio 1.5. It has cash and short-term investments of ISK274.3M.
Key information
92.0%
Debt to equity ratio
Kr348.47m
Debt
Interest coverage ratio | 1.5x |
Cash | Kr274.29m |
Equity | Kr378.72m |
Total liabilities | Kr426.17m |
Total assets | Kr804.88m |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: KLAPP B's short term assets (ISK484.8M) exceed its short term liabilities (ISK77.7M).
Long Term Liabilities: KLAPP B's short term assets (ISK484.8M) exceed its long term liabilities (ISK348.5M).
Debt to Equity History and Analysis
Debt Level: KLAPP B's net debt to equity ratio (19.6%) is considered satisfactory.
Reducing Debt: KLAPP B's debt to equity ratio has increased from 25.9% to 92% over the past 5 years.
Debt Coverage: KLAPP B's debt is not well covered by operating cash flow (11.4%).
Interest Coverage: KLAPP B's interest payments on its debt are not well covered by EBIT (1.5x coverage).