Eidesvik Offshore Balance Sheet Health
Financial Health criteria checks 5/6
Eidesvik Offshore has a total shareholder equity of NOK1.6B and total debt of NOK801.9M, which brings its debt-to-equity ratio to 49.6%. Its total assets and total liabilities are NOK2.7B and NOK1.1B respectively. Eidesvik Offshore's EBIT is NOK121.3M making its interest coverage ratio 1.9. It has cash and short-term investments of NOK498.9M.
Key information
49.6%
Debt to equity ratio
kr801.91m
Debt
Interest coverage ratio | 1.9x |
Cash | kr498.86m |
Equity | kr1.62b |
Total liabilities | kr1.10b |
Total assets | kr2.72b |
Recent financial health updates
These 4 Measures Indicate That Eidesvik Offshore (OB:EIOF) Is Using Debt Extensively
Aug 31Is Eidesvik Offshore (OB:EIOF) A Risky Investment?
May 12These 4 Measures Indicate That Eidesvik Offshore (OB:EIOF) Is Using Debt Extensively
Jan 24Is Eidesvik Offshore (OB:EIOF) Using Too Much Debt?
May 12Is Eidesvik Offshore (OB:EIOF) Using Too Much Debt?
Jan 15Eidesvik Offshore (OB:EIOF) Has Debt But No Earnings; Should You Worry?
Oct 02Recent updates
These 4 Measures Indicate That Eidesvik Offshore (OB:EIOF) Is Using Debt Extensively
Aug 31Is Eidesvik Offshore (OB:EIOF) A Risky Investment?
May 12These 4 Measures Indicate That Eidesvik Offshore (OB:EIOF) Is Using Debt Extensively
Jan 24We Think That There Are Issues Underlying Eidesvik Offshore's (OB:EIOF) Earnings
May 27Is Eidesvik Offshore (OB:EIOF) Using Too Much Debt?
May 12Is Eidesvik Offshore (OB:EIOF) Using Too Much Debt?
Jan 15Eidesvik Offshore (OB:EIOF) Has Debt But No Earnings; Should You Worry?
Oct 02Health Check: How Prudently Does Eidesvik Offshore (OB:EIOF) Use Debt?
Apr 20Financial Position Analysis
Short Term Liabilities: EIOF's short term assets (NOK785.5M) exceed its short term liabilities (NOK352.2M).
Long Term Liabilities: EIOF's short term assets (NOK785.5M) exceed its long term liabilities (NOK748.2M).
Debt to Equity History and Analysis
Debt Level: EIOF's net debt to equity ratio (18.8%) is considered satisfactory.
Reducing Debt: EIOF's debt to equity ratio has reduced from 177% to 49.6% over the past 5 years.
Debt Coverage: EIOF's debt is well covered by operating cash flow (31.3%).
Interest Coverage: EIOF's interest payments on its debt are not well covered by EBIT (1.9x coverage).