NRC Group Balance Sheet Health
Financial Health criteria checks 6/6
NRC Group has a total shareholder equity of NOK2.4B and total debt of NOK622.0M, which brings its debt-to-equity ratio to 25.9%. Its total assets and total liabilities are NOK5.0B and NOK2.6B respectively. NRC Group's EBIT is NOK73.0M making its interest coverage ratio 0.9. It has cash and short-term investments of NOK177.0M.
Key information
25.9%
Debt to equity ratio
kr622.00m
Debt
Interest coverage ratio | 0.9x |
Cash | kr177.00m |
Equity | kr2.40b |
Total liabilities | kr2.65b |
Total assets | kr5.05b |
Recent financial health updates
Does NRC Group (OB:NRC) Have A Healthy Balance Sheet?
Jun 07Is NRC Group (OB:NRC) A Risky Investment?
Sep 04Is NRC Group (OB:NRC) Using Debt In A Risky Way?
Apr 12NRC Group (OB:NRC) Is Carrying A Fair Bit Of Debt
Dec 28Recent updates
kr15.00: That's What Analysts Think NRC Group ASA (OB:NRC) Is Worth After Its Latest Results
Mar 02Does NRC Group (OB:NRC) Have A Healthy Balance Sheet?
Jun 07Shareholders Will Be Pleased With The Quality of NRC Group's (OB:NRC) Earnings
Aug 26Is NRC Group (OB:NRC) A Risky Investment?
Sep 04Is NRC Group (OB:NRC) Using Debt In A Risky Way?
Apr 12NRC Group ASA (OB:NRC) Insiders Increased Their Holdings
Mar 16NRC Group's (OB:NRC) Stock Price Has Reduced 70% In The Past Three Years
Feb 18Is NRC Group ASA's (OB:NRC) Shareholder Ownership Skewed Towards Insiders?
Jan 25NRC Group (OB:NRC) Is Carrying A Fair Bit Of Debt
Dec 28Arild Moe of NRC Group ASA (OB:NRC) Just Spent kr1.0m On Shares
Dec 02Financial Position Analysis
Short Term Liabilities: NRC's short term assets (NOK1.8B) exceed its short term liabilities (NOK1.8B).
Long Term Liabilities: NRC's short term assets (NOK1.8B) exceed its long term liabilities (NOK859.0M).
Debt to Equity History and Analysis
Debt Level: NRC's net debt to equity ratio (18.5%) is considered satisfactory.
Reducing Debt: NRC's debt to equity ratio has reduced from 90.6% to 25.9% 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: Whilst unprofitable NRC has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: NRC is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 11% per year.