HitecVision Balance Sheet Health
Financial Health criteria checks 4/6
HitecVision has a total shareholder equity of NOK782.8M and total debt of NOK250.0M, which brings its debt-to-equity ratio to 31.9%. Its total assets and total liabilities are NOK1.1B and NOK311.0M respectively. HitecVision's EBIT is NOK849.3M making its interest coverage ratio 572.5. It has cash and short-term investments of NOK102.2M.
Key information
31.9%
Debt to equity ratio
kr250.00m
Debt
| Interest coverage ratio | 572.5x |
| Cash | kr102.19m |
| Equity | kr782.79m |
| Total liabilities | kr311.02m |
| Total assets | kr1.09b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: HITV's short term assets (NOK197.8M) exceed its short term liabilities (NOK60.0M).
Long Term Liabilities: HITV's short term assets (NOK197.8M) do not cover its long term liabilities (NOK251.0M).
Debt to Equity History and Analysis
Debt Level: HITV's net debt to equity ratio (18.9%) is considered satisfactory.
Reducing Debt: HITV's debt to equity ratio has increased from 8.3% to 31.9% over the past 5 years.
Debt Coverage: HITV's debt is well covered by operating cash flow (140.6%).
Interest Coverage: HITV's interest payments on its debt are well covered by EBIT (572.5x coverage).