Lumi Gruppen Balance Sheet Health
Financial Health criteria checks 3/6
Lumi Gruppen has a total shareholder equity of NOK480.5M and total debt of NOK265.6M, which brings its debt-to-equity ratio to 55.3%. Its total assets and total liabilities are NOK975.7M and NOK495.2M respectively. Lumi Gruppen's EBIT is NOK35.7M making its interest coverage ratio 1. It has cash and short-term investments of NOK65.1M.
Key information
55.3%
Debt to equity ratio
NOK 265.63m
Debt
| Interest coverage ratio | 1x |
| Cash | NOK 65.13m |
| Equity | NOK 480.53m |
| Total liabilities | NOK 495.17m |
| Total assets | NOK 975.70m |
Recent financial health updates
Recent updates
Lumi Gruppen (OB:LUMI) May Have Issues Allocating Its Capital
Nov 20
Optimistic Investors Push Lumi Gruppen AS (OB:LUMI) Shares Up 31% But Growth Is Lacking
Oct 10Is Lumi Gruppen (OB:LUMI) A Risky Investment?
Sep 23Optimistic Investors Push Lumi Gruppen AS (OB:LUMI) Shares Up 25% But Growth Is Lacking
Jul 01Lumi Gruppen (OB:LUMI) May Have Issues Allocating Its Capital
Jun 11Returns On Capital At Lumi Gruppen (OB:LUMI) Have Stalled
Feb 24Returns On Capital Are Showing Encouraging Signs At Lumi Gruppen (OB:LUMI)
Oct 26Lumi Gruppen's (OB:LUMI) Problems Go Beyond Weak Profit
Apr 05Returns At Lumi Gruppen (OB:LUMI) Are On The Way Up
Feb 10There's Reason For Concern Over Lumi Gruppen AS' (OB:LUMI) Massive 43% Price Jump
Nov 09Lumi Gruppen (OB:LUMI) Is Looking To Continue Growing Its Returns On Capital
Oct 30Lumi Gruppen (OB:LUMI) Might Have The Makings Of A Multi-Bagger
May 31Financial Position Analysis
Short Term Liabilities: LUMI's short term assets (NOK84.4M) do not cover its short term liabilities (NOK118.3M).
Long Term Liabilities: LUMI's short term assets (NOK84.4M) do not cover its long term liabilities (NOK376.8M).
Debt to Equity History and Analysis
Debt Level: LUMI's net debt to equity ratio (41.7%) is considered high.
Reducing Debt: LUMI's debt to equity ratio has reduced from 262.6% to 55.3% 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 LUMI has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: LUMI is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 20.8% per year.