OKEA Balance Sheet Health
Financial Health criteria checks 4/6
OKEA has a total shareholder equity of NOK763.6M and total debt of NOK3.1B, which brings its debt-to-equity ratio to 404.1%. Its total assets and total liabilities are NOK19.3B and NOK18.6B respectively. OKEA's EBIT is NOK2.7B making its interest coverage ratio 52. It has cash and short-term investments of NOK3.2B.
Key information
404.1%
Debt to equity ratio
NOK 3.09b
Debt
| Interest coverage ratio | 52x |
| Cash | NOK 3.18b |
| Equity | NOK 763.61m |
| Total liabilities | NOK 18.57b |
| Total assets | NOK 19.34b |
Recent financial health updates
OKEA (OB:OKEA) Has A Somewhat Strained Balance Sheet
Sep 26
Does OKEA (OB:OKEA) Have A Healthy Balance Sheet?
Dec 03Recent updates
OKEA (OB:OKEA) Has A Somewhat Strained Balance Sheet
Sep 26Earnings Miss: OKEA ASA Missed EPS By 43% And Analysts Are Revising Their Forecasts
Jul 21OKEA ASA (OB:OKEA) Shares Could Be 42% Below Their Intrinsic Value Estimate
Jul 12Need To Know: Analysts Just Made A Substantial Cut To Their OKEA ASA (OB:OKEA) Estimates
Jan 23Why Investors Shouldn't Be Surprised By OKEA ASA's (OB:OKEA) Low P/E
Jan 21Does OKEA (OB:OKEA) Have A Healthy Balance Sheet?
Dec 03Does OKEA (OB:OKEA) Deserve A Spot On Your Watchlist?
Oct 13Analysts Are Betting On OKEA ASA (OB:OKEA) With A Big Upgrade This Week
Sep 03OKEA (OB:OKEA) Will Pay A Dividend Of NOK1.00
Aug 10Earnings Miss: OKEA ASA Missed EPS By 39% And Analysts Are Revising Their Forecasts
Jul 16New Forecasts: Here's What Analysts Think The Future Holds For OKEA ASA (OB:OKEA)
May 01Analysts Just Made A Captivating Upgrade To Their OKEA ASA (OB:OKEA) Forecasts
Mar 26Time To Worry? Analysts Are Downgrading Their OKEA ASA (OB:OKEA) Outlook
Feb 11OKEA ASA (OB:OKEA) Surges 26% Yet Its Low P/E Is No Reason For Excitement
Aug 21Financial Position Analysis
Short Term Liabilities: OKEA's short term assets (NOK5.9B) exceed its short term liabilities (NOK5.1B).
Long Term Liabilities: OKEA's short term assets (NOK5.9B) do not cover its long term liabilities (NOK13.5B).
Debt to Equity History and Analysis
Debt Level: OKEA has more cash than its total debt.
Reducing Debt: OKEA's debt to equity ratio has increased from 141.7% to 404.1% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable OKEA has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: OKEA is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 37.7% per year.