Solstad Offshore Balance Sheet Health
Financial Health criteria checks 5/6
Solstad Offshore has a total shareholder equity of NOK2.0B and total debt of NOK951.0M, which brings its debt-to-equity ratio to 48.3%. Its total assets and total liabilities are NOK8.8B and NOK6.8B respectively. Solstad Offshore's EBIT is NOK837.9M making its interest coverage ratio 1.1. It has cash and short-term investments of NOK629.0M.
Key information
48.3%
Debt to equity ratio
NOK 951.00m
Debt
| Interest coverage ratio | 1.1x |
| Cash | NOK 629.00m |
| Equity | NOK 1.97b |
| Total liabilities | NOK 6.83b |
| Total assets | NOK 8.80b |
Recent financial health updates
We Think Solstad Offshore (OB:SOFF) Is Taking Some Risk With Its Debt
Sep 06
Is Solstad Offshore (OB:SOFF) A Risky Investment?
Oct 06Here's Why Solstad Offshore (OB:SOFF) Has A Meaningful Debt Burden
Apr 12Is Solstad Offshore (OB:SOFF) Using Debt Sensibly?
Jul 29Here's Why Solstad Offshore (OB:SOFF) Has A Meaningful Debt Burden
Apr 05Recent updates
Investors Still Aren't Entirely Convinced By Solstad Offshore ASA's (OB:SOFF) Revenues Despite 27% Price Jump
Nov 24Investors Will Want Solstad Offshore's (OB:SOFF) Growth In ROCE To Persist
Nov 23We Think Solstad Offshore (OB:SOFF) Is Taking Some Risk With Its Debt
Sep 06We Think Solstad Offshore (OB:SOFF) Might Have The DNA Of A Multi-Bagger
Jun 29This Is Why Solstad Offshore ASA's (OB:SOFF) CEO Compensation Looks Appropriate
May 23Why Investors Shouldn't Be Surprised By Solstad Offshore ASA's (OB:SOFF) Low P/S
Mar 29Solstad Offshore ASA (OB:SOFF) Shares Fly 27% But Investors Aren't Buying For Growth
Dec 18Is Solstad Offshore (OB:SOFF) A Risky Investment?
Oct 06Why Investors Shouldn't Be Surprised By Solstad Offshore ASA's (OB:SOFF) 26% Share Price Plunge
Apr 18Solstad Offshore ASA's (OB:SOFF) 26% Dip In Price Shows Sentiment Is Matching Revenues
Apr 18Here's Why Solstad Offshore (OB:SOFF) Has A Meaningful Debt Burden
Apr 12Solstad Offshore (OB:SOFF) Might Have The Makings Of A Multi-Bagger
Feb 27Solstad Offshore (OB:SOFF) Shareholders Will Want The ROCE Trajectory To Continue
Oct 04Is Solstad Offshore (OB:SOFF) Using Debt Sensibly?
Jul 29Here's Why Solstad Offshore (OB:SOFF) Has A Meaningful Debt Burden
Apr 05Solstad Offshore (OB:SOFF) Strong Profits May Be Masking Some Underlying Issues
Mar 06If You Had Bought Solstad Offshore (OB:SOFF) Shares A Year Ago You'd Have Earned 677% Returns
Nov 18Financial Position Analysis
Short Term Liabilities: SOFF's short term assets (NOK1.8B) exceed its short term liabilities (NOK1.6B).
Long Term Liabilities: SOFF's short term assets (NOK1.8B) do not cover its long term liabilities (NOK5.2B).
Debt to Equity History and Analysis
Debt Level: SOFF's net debt to equity ratio (16.4%) is considered satisfactory.
Reducing Debt: SOFF had negative shareholder equity 5 years ago, but is now positive and has therefore improved.
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 SOFF has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: SOFF is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 22% per year.