DOF Group Balance Sheet Health
Financial Health criteria checks 2/6
DOF Group has a total shareholder equity of NOK10.5B and total debt of NOK13.7B, which brings its debt-to-equity ratio to 130.4%. Its total assets and total liabilities are NOK27.3B and NOK16.7B respectively. DOF Group's EBIT is NOK2.4B making its interest coverage ratio 2.6. It has cash and short-term investments of NOK2.0B.
Key information
130.4%
Debt to equity ratio
kr13.72b
Debt
| Interest coverage ratio | 2.6x |
| Cash | kr2.04b |
| Equity | kr10.52b |
| Total liabilities | kr16.75b |
| Total assets | kr27.27b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: DOFG's short term assets (NOK6.6B) exceed its short term liabilities (NOK3.3B).
Long Term Liabilities: DOFG's short term assets (NOK6.6B) do not cover its long term liabilities (NOK13.4B).
Debt to Equity History and Analysis
Debt Level: DOFG's net debt to equity ratio (111.1%) is considered high.
Reducing Debt: DOFG's debt to equity ratio has reduced from 332.1% to 130.4% over the past 5 years.
Debt Coverage: DOFG's debt is not well covered by operating cash flow (10%).
Interest Coverage: DOFG's interest payments on its debt are not well covered by EBIT (2.6x coverage).