Lumi Gruppen Balance Sheet Health
Financial Health criteria checks 3/6
Lumi Gruppen has a total shareholder equity of NOK450.4M and total debt of NOK298.5M, which brings its debt-to-equity ratio to 66.3%. Its total assets and total liabilities are NOK1.0B and NOK567.6M respectively. Lumi Gruppen's EBIT is NOK35.1M making its interest coverage ratio 1.1. It has cash and short-term investments of NOK67.6M.
Key information
66.3%
Debt to equity ratio
kr298.45m
Debt
| Interest coverage ratio | 1.1x |
| Cash | kr67.65m |
| Equity | kr450.43m |
| Total liabilities | kr567.64m |
| Total assets | kr1.02b |
Recent financial health updates
No updates
Recent updates
Returns On Capital At Lumi Gruppen (OB:LUMI) Have Stalled
Feb 24
Returns 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 (NOK99.0M) do not cover its short term liabilities (NOK155.4M).
Long Term Liabilities: LUMI's short term assets (NOK99.0M) do not cover its long term liabilities (NOK412.3M).
Debt to Equity History and Analysis
Debt Level: LUMI's net debt to equity ratio (51.2%) is considered high.
Reducing Debt: LUMI's debt to equity ratio has reduced from 236.2% to 66.3% 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 13.4% per year.