Solstad Offshore Balance Sheet Health
Financial Health criteria checks 3/6
Solstad Offshore has a total shareholder equity of NOK1.8B and total debt of NOK12.0B, which brings its debt-to-equity ratio to 658.4%. Its total assets and total liabilities are NOK19.6B and NOK17.8B respectively. Solstad Offshore's EBIT is NOK1.7B making its interest coverage ratio 1.1. It has cash and short-term investments of NOK501.0M.
Key information
658.4%
Debt to equity ratio
kr12.01b
Debt
| Interest coverage ratio | 1.1x |
| Cash | kr501.01m |
| Equity | kr1.82b |
| Total liabilities | kr17.81b |
| Total assets | kr19.64b |
Recent financial health updates
Is Solstad Offshore (OB:SOFF) A Risky Investment?
Oct 06
Here'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
Why 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 (NOK15.2B) do not cover its short term liabilities (NOK15.4B).
Long Term Liabilities: SOFF's short term assets (NOK15.2B) exceed its long term liabilities (NOK2.4B).
Debt to Equity History and Analysis
Debt Level: SOFF's net debt to equity ratio (630.9%) is considered high.
Reducing Debt: SOFF had negative shareholder equity 5 years ago, but is now positive and has therefore improved.
Debt Coverage: SOFF's debt is well covered by operating cash flow (22.3%).
Interest Coverage: SOFF's interest payments on its debt are not well covered by EBIT (1.1x coverage).