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 $4.6B, which brings its debt-to-equity ratio to 319.6%. Its total assets and total liabilities are $22.2B and $20.8B respectively. Vår Energi's EBIT is $3.7B making its interest coverage ratio -252.3. It has cash and short-term investments of $314.8M.
Key information
319.6%
Debt to equity ratio
US$4.59b
Debt
| Interest coverage ratio | -252.3x |
| Cash | US$314.76m |
| Equity | US$1.44b |
| Total liabilities | US$20.81b |
| Total assets | US$22.24b |
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
We 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 03The Strong Earnings Posted By Vår Energi (OB:VAR) Are A Good Indication Of The Strength Of The Business
Aug 03Earnings Miss: Vår Energi AS Missed EPS By 88% And Analysts Are Revising Their Forecasts
Jul 29Vår Energi AS' (OB:VAR) Intrinsic Value Is Potentially 84% Above Its Share Price
Jul 09Financial Position Analysis
Short Term Liabilities: VAR's short term assets ($1.4B) do not cover its short term liabilities ($2.3B).
Long Term Liabilities: VAR's short term assets ($1.4B) do not cover its long term liabilities ($18.5B).
Debt to Equity History and Analysis
Debt Level: VAR's net debt to equity ratio (297.7%) is considered high.
Reducing Debt: VAR's debt to equity ratio has increased from 108.4% to 319.6% over the past 5 years.
Debt Coverage: VAR's debt is well covered by operating cash flow (77.4%).
Interest Coverage: VAR earns more interest than it pays, so coverage of interest payments is not a concern.