Hexagon Composites Balance Sheet Health
Financial Health criteria checks 3/6
Hexagon Composites has a total shareholder equity of NOK3.2B and total debt of NOK1.1B, which brings its debt-to-equity ratio to 34.5%. Its total assets and total liabilities are NOK6.4B and NOK3.2B respectively. Hexagon Composites's EBIT is NOK221.2M making its interest coverage ratio 1.3. It has cash and short-term investments of NOK144.5M.
Key information
34.5%
Debt to equity ratio
kr1.11b
Debt
| Interest coverage ratio | 1.3x |
| Cash | kr144.55m |
| Equity | kr3.21b |
| Total liabilities | kr3.21b |
| Total assets | kr6.43b |
Recent financial health updates
Is Hexagon Composites (OB:HEX) A Risky Investment?
Mar 07
Hexagon Composites (OB:HEX) Is Carrying A Fair Bit Of Debt
Aug 20Hexagon Composites (OB:HEX) Is Making Moderate Use Of Debt
May 09Is Hexagon Composites (OB:HEX) Using Too Much Debt?
Feb 06Is Hexagon Composites (OB:HEX) Using Too Much Debt?
Sep 24Does Hexagon Composites (OB:HEX) Have A Healthy Balance Sheet?
Jun 12Recent updates
Is Hexagon Composites (OB:HEX) A Risky Investment?
Mar 07Hexagon Composites ASA's (OB:HEX) Share Price Could Signal Some Risk
Jan 03A Look At The Intrinsic Value Of Hexagon Composites ASA (OB:HEX)
Sep 19Hexagon Composites (OB:HEX) Is Carrying A Fair Bit Of Debt
Aug 20Hexagon Composites (OB:HEX) Is Making Moderate Use Of Debt
May 09Hexagon Composites ASA (OB:HEX) Analysts Are Pretty Bullish On The Stock After Recent Results
Feb 19Is Hexagon Composites (OB:HEX) Using Too Much Debt?
Feb 06Is Hexagon Composites (OB:HEX) Using Too Much Debt?
Sep 24Does Hexagon Composites (OB:HEX) Have A Healthy Balance Sheet?
Jun 12Here's Why Hexagon Composites (OB:HEX) Can Afford Some Debt
Feb 18Hexagon Composites (OB:HEX) Has Debt But No Earnings; Should You Worry?
Oct 26Does Hexagon Composites (OB:HEX) Have A Healthy Balance Sheet?
Jul 11Here's Why Hexagon Composites ASA's (OB:HEX) CEO Compensation Is The Least Of Shareholders' Concerns
Apr 21Health Check: How Prudently Does Hexagon Composites (OB:HEX) Use Debt?
Mar 20Is Hexagon Composites ASA's (OB:HEX) Shareholder Ownership Skewed Towards Insiders?
Dec 10How Much Are Hexagon Composites ASA (OB:HEX) Insiders Taking Off The Table?
Nov 19Financial Position Analysis
Short Term Liabilities: HEX's short term assets (NOK2.0B) do not cover its short term liabilities (NOK2.7B).
Long Term Liabilities: HEX's short term assets (NOK2.0B) exceed its long term liabilities (NOK528.5M).
Debt to Equity History and Analysis
Debt Level: HEX's net debt to equity ratio (30%) is considered satisfactory.
Reducing Debt: HEX's debt to equity ratio has increased from 33.5% to 34.5% over the past 5 years.
Debt Coverage: HEX's debt is well covered by operating cash flow (34.6%).
Interest Coverage: HEX's interest payments on its debt are not well covered by EBIT (1.3x coverage).