Beerenberg Balance Sheet Health
Financial Health criteria checks 5/6
Beerenberg has a total shareholder equity of NOK811.5M and total debt of NOK415.3M, which brings its debt-to-equity ratio to 51.2%. Its total assets and total liabilities are NOK1.8B and NOK1.0B respectively. Beerenberg's EBIT is NOK120.2M making its interest coverage ratio 1.5. It has cash and short-term investments of NOK164.7M.
Key information
51.2%
Debt to equity ratio
kr415.29m
Debt
| Interest coverage ratio | 1.5x |
| Cash | kr164.70m |
| Equity | kr811.48m |
| Total liabilities | kr1.02b |
| Total assets | kr1.83b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: BBERG's short term assets (NOK724.3M) exceed its short term liabilities (NOK583.7M).
Long Term Liabilities: BBERG's short term assets (NOK724.3M) exceed its long term liabilities (NOK439.0M).
Debt to Equity History and Analysis
Debt Level: BBERG's net debt to equity ratio (30.9%) is considered satisfactory.
Reducing Debt: BBERG's debt to equity ratio has reduced from 217.5% to 51.2% over the past 5 years.
Debt Coverage: BBERG's debt is well covered by operating cash flow (59%).
Interest Coverage: BBERG's interest payments on its debt are not well covered by EBIT (1.5x coverage).