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
Vår Energi AS' (OB:VAR) Share Price Not Quite Adding Up
Dec 11Some 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 23Financial 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.
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/23 04:02 |
| End of Day Share Price | 2024/12/20 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Vår Energi AS is covered by 18 analysts. 13 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Lydia Rainforth | Barclays |
| Matthew Smith | BofA Global Research |
| Jørgen Lande | Danske Bank |