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 21Health Check: How Prudently Does Hexagon Composites (OB:HEX) Use Debt?
Mar 20Financial 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.