Magnora Balance Sheet Health

Financial Health criteria checks 3/6

Magnora has a total shareholder equity of NOK541.1M and total debt of NOK900.0K, which brings its debt-to-equity ratio to 0.2%. Its total assets and total liabilities are NOK603.0M and NOK61.9M respectively.

Key information

0.2%

Debt to equity ratio

kr900.00k

Debt

Interest coverage ratio	n/a
Cash	kr308.00m
Equity	kr541.10m
Total liabilities	kr61.90m
Total assets	kr603.00m

Recent financial health updates

Does Magnora (OB:MGN) Have A Healthy Balance Sheet?

Aug 20

Recent updates

Concerns Surrounding Magnora's (OB:MGN) Performance

Apr 24

A Look At The Intrinsic Value Of Magnora ASA (OB:MGN)

Sep 03

Bullish: Analysts Just Made A Massive Upgrade To Their Magnora ASA (OB:MGN) Forecasts

Aug 13

Trade Alert: The Chief Executive Officer Of Magnora ASA (OB:MGN), Erik Sneve, Has Just Spent kr533k Buying 4.1% More Shares

Nov 23

Financial Position Analysis

Short Term Liabilities: MGN's short term assets (NOK350.3M) exceed its short term liabilities (NOK61.3M).

Long Term Liabilities: MGN's short term assets (NOK350.3M) exceed its long term liabilities (NOK600.0K).

Debt to Equity History and Analysis

Debt Level: MGN has more cash than its total debt.

Reducing Debt: MGN's debt to equity ratio has increased from 0% to 0.2% over the past 5 years.

Debt Coverage: MGN's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: Insufficient data to determine if MGN's interest payments on its debt are well covered by EBIT.

Magnora Balance Sheet Health

Financial Health criteria checks 3/6

Key information

Recent financial health updates

Does Magnora (OB:MGN) Have A Healthy Balance Sheet?

Recent updates

Concerns Surrounding Magnora's (OB:MGN) Performance

Consensus revenue estimates fall by 61%

No independent directors

Magnora ASA Separates Its Legacy Business from Its Renewables Business

Consensus revenue estimates fall by 14%

Magnora Asa Authorizes Quarterly Cash Distribution, Payable on 2 November 2023

Third quarter 2023 earnings: EPS and revenues miss analyst expectations

Magnora ASA, Annual General Meeting, Apr 23, 2024

A Look At The Intrinsic Value Of Magnora ASA (OB:MGN)

Executive Chairman recently bought kr1.1m worth of stock

New major risk - Revenue and earnings growth

Second quarter 2023 earnings: Revenues miss analyst expectations

Bullish: Analysts Just Made A Massive Upgrade To Their Magnora ASA (OB:MGN) Forecasts

Consensus revenue estimates increase by 33%

Magnora ASA (OB:MGN) commences an Equity Buyback for 6,682,268 shares, representing 10% of its issued share capital, under the authorization approved on April 25, 2023.

Magnora ASA Launches Capital Distribution Program

Consensus revenue estimates fall by 46%

First quarter 2023 earnings: EPS and revenues exceed analyst expectations

First Solar, Inc. (NasdaqGS:FSLR) acquired Evolar AB from Magnora ASA (OB:MGN) for $38 million.

Full year 2022 earnings released: EPS: kr0.21 (vs kr1.11 loss in FY 2021)

Consensus revenue estimates decrease by 32%

Full year 2022 earnings released: EPS: kr0.058 (vs kr1.11 loss in FY 2021)

Magnora ASA to Report Q4, 2023 Results on Feb 13, 2024

Magnora ASA, Annual General Meeting, Apr 25, 2023

No independent directors

Third quarter 2022 earnings released

Magnora ASA announced that it expects to receive NOK 200 million in funding

Does Magnora (OB:MGN) Have A Healthy Balance Sheet?

Second quarter 2022 earnings: Revenues exceed analyst expectations

Chief Financial Officer recently bought kr432k worth of stock

First quarter 2022 earnings: EPS and revenues miss analyst expectations

No independent directors

Magnora ASA (OB:MGN) acquired additional 13.5% minority stake in Evolar AB.

Full year 2021 earnings: EPS exceeds analyst expectations while revenues lag behind

Magnora ASA (OB:MGN) acquired a 92% stake in African Green Ventures.

Insider recently bought kr495k worth of stock

Key Executive recently bought kr245k worth of stock

Magnora ASA (OB:MGN) acquired additional 9.3% stake in Evolar AB.

Insider recently bought kr50k worth of stock

Third quarter 2021 earnings released

Executive Chairman recently bought kr2.9m worth of stock

Director recently bought kr76k worth of stock

Magnora ASA (OB:MGN) acquired additional 15% stake in Helios Nordic Energy AB.

Insider recently bought kr202k worth of stock

Second quarter 2021 earnings released: kr0.17 loss per share (vs kr0.23 profit in 2Q 2020)

Magnora ASA (OSE: MGN) acquired an unknown minority stake in Kustvind AB.

Chief Executive Officer recently bought kr900k worth of stock

Investor sentiment deteriorated over the past week

Magnora ASA (OB:MGN) agreed to acquire additional 12.26% minority stake in Evolar AB.

First quarter 2021 earnings released

Executive Vice President of Operations recently bought kr447k worth of stock

Investor sentiment deteriorated over the past week

Full year 2020 earnings released: EPS kr0.54 (vs kr0.38 in FY 2019)

New 90-day high: kr29.80

Analysts lower revenue estimates to kr108.3m

Magnora ASA (OB:MGN) entered into agreement to acquire an additional 25% stake in Vindr AB.

Full year 2020 earnings released: EPS kr0.54 (vs kr0.38 in FY 2019)

Revenue and earnings beat expectations

Magnora ASA to Report Q4, 2021 Results on Feb 15, 2022

Magnora ASA Updates on Oddeheia and Bjelkeberg Wind Farm Project

Magnora ASA Appoints Peter Nygren as Executive Vice President

Magnora ASA (OB:MGN) entered into an agreement to acquire 25% stake in Helios Nordic Energy AB

New 90-day high: kr28.60

Investor sentiment improved over the past week

Is Magnora (OB:MGN) A Future Multi-bagger?

Magnora ASA Enters Partnership to Establish Floating Wind Company

Do Insiders Own Lots Of Shares In Magnora ASA (OB:MGN)?

Magnora ASA to Report Q3, 2021 Results on Nov 15, 2021

New 90-day high: kr28.00

Here's Why We Think Magnora's (OB:MGN) Statutory Earnings Might Be Conservative

New 90-day high: kr25.40

New 90-day high: kr24.60

Chief Executive Officer recently bought kr533k worth of stock

Trade Alert: The Chief Executive Officer Of Magnora ASA (OB:MGN), Erik Sneve, Has Just Spent kr533k Buying 4.1% More Shares