Goodtech Balance Sheet Health
Financial Health criteria checks 6/6
Goodtech has a total shareholder equity of NOK254.6M and total debt of NOK20.4M, which brings its debt-to-equity ratio to 8%. Its total assets and total liabilities are NOK498.7M and NOK244.1M respectively. Goodtech's EBIT is NOK21.7M making its interest coverage ratio 6. It has cash and short-term investments of NOK95.5M.
Key information
8.01%
Debt to equity ratio
NOK 20.40m
Debt
| Interest coverage ratio | 6x |
| Cash | NOK 95.50m |
| Equity | NOK 254.60m |
| Total liabilities | NOK 244.10m |
| Total assets | NOK 498.70m |
Recent financial health updates
Is Goodtech (OB:GOD) Using Too Much Debt?
Dec 09
Goodtech (OB:GOD) Has A Pretty Healthy Balance Sheet
Jul 20Here's Why Goodtech (OB:GOD) Can Manage Its Debt Responsibly
Feb 24We Think Goodtech (OB:GOD) Is Taking Some Risk With Its Debt
Oct 06Goodtech (OB:GOD) Has A Pretty Healthy Balance Sheet
Apr 28Goodtech (OB:GOD) Has Debt But No Earnings; Should You Worry?
May 17Recent updates
Goodtech's (OB:GOD) Conservative Accounting Might Explain Soft Earnings
May 14Shareholders Will Probably Not Have Any Issues With Goodtech ASA's (OB:GOD) CEO Compensation
Apr 18Is Goodtech (OB:GOD) Using Too Much Debt?
Dec 09Goodtech ASA's (OB:GOD) 26% Dip In Price Shows Sentiment Is Matching Revenues
Nov 14Impressive Earnings May Not Tell The Whole Story For Goodtech (OB:GOD)
Nov 02Is Now The Time To Put Goodtech (OB:GOD) On Your Watchlist?
Oct 26Goodtech (OB:GOD) Has A Pretty Healthy Balance Sheet
Jul 20Returns On Capital Are Showing Encouraging Signs At Goodtech (OB:GOD)
Apr 11Here's Why Goodtech (OB:GOD) Can Manage Its Debt Responsibly
Feb 24We Think Goodtech (OB:GOD) Is Taking Some Risk With Its Debt
Oct 06Returns At Goodtech (OB:GOD) Are On The Way Up
Jun 13Goodtech (OB:GOD) Has A Pretty Healthy Balance Sheet
Apr 28The Return Trends At Goodtech (OB:GOD) Look Promising
Feb 27Goodtech (OB:GOD) Has Debt But No Earnings; Should You Worry?
May 17We Like These Underlying Return On Capital Trends At Goodtech (OB:GOD)
Jun 14Goodtech ASA (OB:GOD) On The Verge Of Breaking Even
May 09What Is Goodtech ASA's (OB:GOD) Share Price Doing?
Apr 05Goodtech (OB:GOD) Has A Pretty Healthy Balance Sheet
Feb 28Financial Position Analysis
Short Term Liabilities: GOD's short term assets (NOK244.4M) exceed its short term liabilities (NOK214.5M).
Long Term Liabilities: GOD's short term assets (NOK244.4M) exceed its long term liabilities (NOK29.6M).
Debt to Equity History and Analysis
Debt Level: GOD has more cash than its total debt.
Reducing Debt: GOD's debt to equity ratio has reduced from 18.4% to 8% over the past 5 years.
Debt Coverage: GOD's debt is well covered by operating cash flow (258.3%).
Interest Coverage: GOD's interest payments on its debt are well covered by EBIT (6x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/05/27 15:22 |
| End of Day Share Price | 2025/05/27 00:00 |
| Earnings | 2025/03/31 |
| 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 |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| 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
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
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
Goodtech ASA is covered by 6 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Arne-Egil Rønning | Beringer Finance AB |
| Hakon Levy | Beringer Finance AB |
| Tomas Skeivys | Norne Securities AS |