Vår Energi Balance Sheet Health
Financial Health criteria checks 2/6
Vår Energi has a total shareholder equity of $1.4B and total debt of $4.9B, which brings its debt-to-equity ratio to 356.5%. Its total assets and total liabilities are $23.3B and $22.0B respectively. Vår Energi's EBIT is $3.8B making its interest coverage ratio -158.3. It has cash and short-term investments of $790.4M.
Key information
356.5%
Debt to equity ratio
US$4.87b
Debt
| Interest coverage ratio | -158.3x |
| Cash | US$790.42m |
| Equity | US$1.37b |
| Total liabilities | US$21.96b |
| Total assets | US$23.33b |
Recent financial health updates
We Think Vår Energi (OB:VAR) Is Taking Some Risk With Its Debt
Aug 16
These 4 Measures Indicate That Vår Energi (OB:VAR) Is Using Debt Extensively
Apr 15Recent updates
Some Investors May Be Willing To Look Past Vår Energi's (OB:VAR) Soft Earnings
Oct 29Vår Energi AS (OB:VAR) Just Reported Third-Quarter Earnings: Have Analysts Changed Their Mind On The Stock?
Oct 24Why Investors Shouldn't Be Surprised By Vår Energi AS' (OB:VAR) P/E
Sep 06We Think Vår Energi (OB:VAR) Is Taking Some Risk With Its Debt
Aug 16Vår Energi AS Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now
Jul 26Estimating The Intrinsic Value Of Vår Energi AS (OB:VAR)
May 22These 4 Measures Indicate That Vår Energi (OB:VAR) Is Using Debt Extensively
Apr 15Vår Energi's (OB:VAR) Soft Earnings Don't Show The Whole Picture
Mar 25The Price Is Right For Vår Energi AS (OB:VAR)
Mar 06Is There An Opportunity With Vår Energi AS' (OB:VAR) 21% Undervaluation?
Dec 23Vår Energi AS (OB:VAR) Shares Could Be 48% Below Their Intrinsic Value Estimate
Aug 21Investors Shouldn't Overlook Vår Energi's (OB:VAR) Impressive Returns On Capital
Jun 19Investors Aren't Buying Vår Energi AS' (OB:VAR) Earnings
May 06Why We Like The Returns At Vår Energi (OB:VAR)
Feb 17Is Vår Energi AS (OB:VAR) Worth kr34.4 Based On Its Intrinsic Value?
Jan 03Financial Position Analysis
Short Term Liabilities: VAR's short term assets ($1.8B) do not cover its short term liabilities ($2.5B).
Long Term Liabilities: VAR's short term assets ($1.8B) do not cover its long term liabilities ($19.4B).
Debt to Equity History and Analysis
Debt Level: VAR's net debt to equity ratio (298.6%) is considered high.
Reducing Debt: VAR's debt to equity ratio has increased from 149.9% to 356.5% over the past 5 years.
Debt Coverage: VAR's debt is well covered by operating cash flow (79.8%).
Interest Coverage: VAR earns more interest than it pays, so coverage of interest payments is not a concern.