BlueNord Balance Sheet Health
Financial Health criteria checks 1/6
BlueNord has a total shareholder equity of $802.9M and total debt of $1.4B, which brings its debt-to-equity ratio to 168.5%. Its total assets and total liabilities are $3.4B and $2.6B respectively. BlueNord's EBIT is $164.9M making its interest coverage ratio 1.9. It has cash and short-term investments of $241.2M.
Key information
168.5%
Debt to equity ratio
US$1.35b
Debt
| Interest coverage ratio | 1.9x |
| Cash | US$241.20m |
| Equity | US$802.90m |
| Total liabilities | US$2.62b |
| Total assets | US$3.42b |
Recent financial health updates
Is BlueNord (OB:BNOR) Using Too Much Debt?
Oct 23
BlueNord (OB:BNOR) Use Of Debt Could Be Considered Risky
Feb 21Here's Why BlueNord (OB:BNOR) Is Weighed Down By Its Debt Load
Oct 30We Think BlueNord (OB:BNOR) Is Taking Some Risk With Its Debt
Jul 20Does Norwegian Energy (OB:NOR) Have A Healthy Balance Sheet?
Jan 19Is Norwegian Energy (OB:NOR) A Risky Investment?
Sep 03Recent updates
BlueNord ASA (OB:BNOR) Not Flying Under The Radar
Jan 16BlueNord's (OB:BNOR) Conservative Accounting Might Explain Soft Earnings
Nov 07Is BlueNord (OB:BNOR) Using Too Much Debt?
Oct 23An Intrinsic Calculation For BlueNord ASA (OB:BNOR) Suggests It's 22% Undervalued
Oct 03Not Many Are Piling Into BlueNord ASA (OB:BNOR) Just Yet
Aug 31BlueNord (OB:BNOR) Is Looking To Continue Growing Its Returns On Capital
Aug 05These Analysts Just Made A Notable Downgrade To Their BlueNord ASA (OB:BNOR) EPS Forecasts
Feb 25BlueNord (OB:BNOR) Use Of Debt Could Be Considered Risky
Feb 21BlueNord (OB:BNOR) Is Looking To Continue Growing Its Returns On Capital
Nov 25Here's Why BlueNord (OB:BNOR) Is Weighed Down By Its Debt Load
Oct 30Estimating The Fair Value Of BlueNord ASA (OB:BNOR)
Oct 05We Think BlueNord (OB:BNOR) Is Taking Some Risk With Its Debt
Jul 20BlueNord's (OB:BNOR) Returns On Capital Are Heading Higher
Jun 14BlueNord ASA (OB:BNOR) First-Quarter Results: Here's What Analysts Are Forecasting For This Year
May 13Does Norwegian Energy (OB:NOR) Have A Healthy Balance Sheet?
Jan 19The Return Trends At Norwegian Energy (OB:NOR) Look Promising
Oct 16Is Norwegian Energy (OB:NOR) A Risky Investment?
Sep 03Returns On Capital Are Showing Encouraging Signs At Norwegian Energy (OB:NOR)
Jul 13Financial Position Analysis
Short Term Liabilities: BNOR's short term assets ($371.4M) exceed its short term liabilities ($155.5M).
Long Term Liabilities: BNOR's short term assets ($371.4M) do not cover its long term liabilities ($2.5B).
Debt to Equity History and Analysis
Debt Level: BNOR's net debt to equity ratio (138.5%) is considered high.
Reducing Debt: BNOR's debt to equity ratio has increased from 166.2% to 168.5% over the past 5 years.
Debt Coverage: BNOR's debt is not well covered by operating cash flow (9.5%).
Interest Coverage: BNOR's interest payments on its debt are not well covered by EBIT (1.9x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/02/06 04:05 |
| End of Day Share Price | 2025/02/06 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
BlueNord ASA is covered by 15 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| null null | ABG Sundal Collier |
| Anna-Karin Hempel | Arctic Securities ASA |
| Morten Lindbäck | Beringer Finance AB |