Goodtech Balance Sheet Health

Financial Health criteria checks 6/6

Goodtech has a total shareholder equity of NOK287.8M and total debt of NOK17.4M, which brings its debt-to-equity ratio to 6%. Its total assets and total liabilities are NOK572.3M and NOK284.5M respectively. Goodtech's EBIT is NOK28.9M making its interest coverage ratio -32.1. It has cash and short-term investments of NOK46.1M.

Key information

6.0%

Debt to equity ratio

kr17.40m

Debt

Interest coverage ratio	-32.1x
Cash	kr46.10m
Equity	kr287.80m
Total liabilities	kr284.50m
Total assets	kr572.30m

Recent financial health updates

Recent updates

Returns On Capital Are Showing Encouraging Signs At Goodtech (OB:GOD)

Apr 11

Here's Why Goodtech (OB:GOD) Can Manage Its Debt Responsibly

Feb 24

We Think Goodtech (OB:GOD) Is Taking Some Risk With Its Debt

Oct 06

Returns At Goodtech (OB:GOD) Are On The Way Up

Jun 13

Goodtech (OB:GOD) Has A Pretty Healthy Balance Sheet

Apr 28

The Return Trends At Goodtech (OB:GOD) Look Promising

Feb 27

Goodtech (OB:GOD) Has Debt But No Earnings; Should You Worry?

May 17

We Like These Underlying Return On Capital Trends At Goodtech (OB:GOD)

Jun 14

Goodtech ASA (OB:GOD) On The Verge Of Breaking Even

May 09

What Is Goodtech ASA's (OB:GOD) Share Price Doing?

Apr 05

Goodtech (OB:GOD) Has A Pretty Healthy Balance Sheet

Feb 28

Financial Position Analysis

Short Term Liabilities: GOD's short term assets (NOK284.2M) exceed its short term liabilities (NOK249.8M).

Long Term Liabilities: GOD's short term assets (NOK284.2M) exceed its long term liabilities (NOK34.7M).

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 18.8% to 6% over the past 5 years.

Debt Coverage: GOD's debt is well covered by operating cash flow (183.3%).

Interest Coverage: GOD earns more interest than it pays, so coverage of interest payments is not a concern.

Goodtech Balance Sheet Health

Financial Health criteria checks 6/6

Key information

Recent financial health updates

Here's Why Goodtech (OB:GOD) Can Manage Its Debt Responsibly

We Think Goodtech (OB:GOD) Is Taking Some Risk With Its Debt

Goodtech (OB:GOD) Has A Pretty Healthy Balance Sheet

Goodtech (OB:GOD) Has Debt But No Earnings; Should You Worry?

Goodtech (OB:GOD) Has A Pretty Healthy Balance Sheet

Recent updates

Consensus EPS estimates fall by 19%

Price target increased by 14% to kr16.00

New minor risk - Share price stability

Investor sentiment improves as stock rises 16%

Returns On Capital Are Showing Encouraging Signs At Goodtech (OB:GOD)

Full year 2023 earnings: EPS and revenues exceed analyst expectations

Here's Why Goodtech (OB:GOD) Can Manage Its Debt Responsibly

Goodtech ASA, Annual General Meeting, Apr 25, 2024

Consensus EPS estimates fall by 70%, revenue upgraded

Third quarter 2023 earnings released: kr0.01 loss per share (vs kr0.03 loss in 3Q 2022)

Consensus EPS estimates increase by 360%

New minor risk - Shareholder dilution

We Think Goodtech (OB:GOD) Is Taking Some Risk With Its Debt

Director recently bought kr141k worth of stock

Second quarter 2023 earnings released: EPS: kr0.07 (vs kr0.003 in 2Q 2022)

Consensus revenue estimates increase by 14%, EPS downgraded

Goodtech ASA (OB:GOD) agreed to acquire Business unit from Skala Prosessteknikk AS.

Consensus EPS estimates fall by 81%, revenue upgraded

Returns At Goodtech (OB:GOD) Are On The Way Up

Director recently bought kr500k worth of stock

Director recently bought kr306k worth of stock

Price target increased by 14% to kr12.50

Goodtech (OB:GOD) Has A Pretty Healthy Balance Sheet

The Return Trends At Goodtech (OB:GOD) Look Promising

Forecast breakeven date pushed back to 2023

Director recently bought kr240k worth of stock

Chairman of the Board recently bought kr79k worth of stock

No independent directors

Chairman of the Board recently bought kr79k worth of stock

Third quarter 2022 earnings released: kr0.03 loss per share (vs kr0.18 loss in 3Q 2021)

Price target decreased to kr11.00

Second quarter 2022 earnings: EPS and revenues exceed analyst expectations

BE Group AB (publ) (OM:BEGR) agreed to acquire Goodtech Solutions Manufacturing AB from Goodtech ASA (OB:GOD).

Price target increased to kr13.00

Goodtech (OB:GOD) Has Debt But No Earnings; Should You Worry?

Price target decreased to kr12.00

No independent directors

Forecast breakeven date pushed back to 2023

Director recently bought kr203k worth of stock

Full year 2021 earnings: EPS exceeds analyst expectations while revenues lag behind

Price target decreased to kr13.00

Insider recently bought kr50k worth of stock

Third quarter 2021 earnings released

Third quarter 2021 earnings released

Director recently bought kr295k worth of stock

Goodtech ASA (OB:GOD) entered into an agreement to acquire Avanti Engineering AS for NOK 18.9 million.

Second quarter 2021 earnings released: kr0.06 loss per share (vs kr0.03 profit in 2Q 2020)

We Like These Underlying Return On Capital Trends At Goodtech (OB:GOD)

First quarter 2021 earnings released: kr0.04 loss per share (vs kr0.04 profit in 1Q 2020)

Goodtech ASA (OB:GOD) On The Verge Of Breaking Even

What Is Goodtech ASA's (OB:GOD) Share Price Doing?

Goodtech (OB:GOD) Has A Pretty Healthy Balance Sheet

Full year 2020 earnings released: kr0.09 loss per share (vs kr0.072 loss in FY 2019)

New 90-day high: kr13.50

Insider recently bought kr771k worth of stock

Third quarter 2020 earnings released: EPS kr0.006

Insider recently bought kr922k worth of stock

An unknown buyer acquired 6.41% stake of Goodtech ASA (OB:GOD) from Fram Realinvest AS.

New 90-day high: kr9.35

New 90-day high - kr7.70

Insider recently bought kr913k worth of stock

Insider recently bought kr181k worth of stock

New 90-day high - kr7.50

Financial Position Analysis

Debt to Equity History and Analysis

Balance Sheet

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