Hexagon Composites Balance Sheet Health
Financial Health criteria checks 5/6
Hexagon Composites has a total shareholder equity of NOK4.1B and total debt of NOK1.1B, which brings its debt-to-equity ratio to 26.8%. Its total assets and total liabilities are NOK7.3B and NOK3.2B respectively. Hexagon Composites's EBIT is NOK309.9M making its interest coverage ratio 2.1. It has cash and short-term investments of NOK516.9M.
Key information
26.8%
Debt to equity ratio
NOK 1.09b
Debt
| Interest coverage ratio | 2.1x |
| Cash | NOK 516.89m |
| Equity | NOK 4.06b |
| Total liabilities | NOK 3.22b |
| Total assets | NOK 7.28b |
Recent financial health updates
Hexagon Composites (OB:HEX) Has A Somewhat Strained Balance Sheet
Aug 17
Is Hexagon Composites (OB:HEX) A Risky Investment?
Mar 07Hexagon 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 24Recent updates
There's Reason For Concern Over Hexagon Composites ASA's (OB:HEX) Massive 29% Price Jump
Aug 20Hexagon Composites (OB:HEX) Has A Somewhat Strained Balance Sheet
Aug 17When Should You Buy Hexagon Composites ASA (OB:HEX)?
Jul 19Are Investors Undervaluing Hexagon Composites ASA (OB:HEX) By 37%?
May 29Hexagon Composites ASA's (OB:HEX) Shares May Have Run Too Fast Too Soon
May 08Is 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 21Financial Position Analysis
Short Term Liabilities: HEX's short term assets (NOK2.5B) exceed its short term liabilities (NOK1.1B).
Long Term Liabilities: HEX's short term assets (NOK2.5B) exceed its long term liabilities (NOK2.1B).
Debt to Equity History and Analysis
Debt Level: HEX's net debt to equity ratio (14.1%) is considered satisfactory.
Reducing Debt: HEX's debt to equity ratio has reduced from 60.1% to 26.8% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: HEX has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: Insufficient data to determine if HEX has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/20 19:46 |
| End of Day Share Price | 2024/12/20 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
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 |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
| |
| 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 here.
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 .
Analyst Sources
Hexagon Composites ASA is covered by 9 analysts. 4 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 |
|---|---|
| Fabian Jorgensen | Carnegie Investment Bank AB |
| Elliott Geoffrey Jones | Danske Bank |
| null null | Danske Bank |