Grieg Seafood Balance Sheet Health
Financial Health criteria checks 3/6
Grieg Seafood has a total shareholder equity of NOK6.7B and total debt of NOK3.7B, which brings its debt-to-equity ratio to 55.5%. Its total assets and total liabilities are NOK13.7B and NOK7.0B respectively. Grieg Seafood's EBIT is NOK975.3M making its interest coverage ratio 3.8. It has cash and short-term investments of NOK239.6M.
Key information
55.5%
Debt to equity ratio
kr3.70b
Debt
| Interest coverage ratio | 3.8x |
| Cash | kr239.63m |
| Equity | kr6.67b |
| Total liabilities | kr6.99b |
| Total assets | kr13.66b |
Recent financial health updates
These 4 Measures Indicate That Grieg Seafood (OB:GSF) Is Using Debt Extensively
Sep 06
Is Grieg Seafood (OB:GSF) A Risky Investment?
May 10We Think Grieg Seafood (OB:GSF) Can Manage Its Debt With Ease
Sep 20Grieg Seafood (OB:GSF) Could Easily Take On More Debt
Jun 21Grieg Seafood (OB:GSF) Has A Pretty Healthy Balance Sheet
Mar 16Grieg Seafood (OB:GSF) Has A Somewhat Strained Balance Sheet
Dec 01Recent updates
Calculating The Intrinsic Value Of Grieg Seafood ASA (OB:GSF)
Apr 26Results: Grieg Seafood ASA Confounded Analyst Expectations With A Surprise Profit
Feb 25Take Care Before Diving Into The Deep End On Grieg Seafood ASA (OB:GSF)
Jan 09Is Grieg Seafood ASA (OB:GSF) Trading At A 24% Discount?
Dec 20Some Investors May Be Worried About Grieg Seafood's (OB:GSF) Returns On Capital
Oct 05These 4 Measures Indicate That Grieg Seafood (OB:GSF) Is Using Debt Extensively
Sep 06Some Investors May Be Worried About Grieg Seafood's (OB:GSF) Returns On Capital
Jun 22Is Grieg Seafood (OB:GSF) A Risky Investment?
May 10Grieg Seafood (OB:GSF) Is Paying Out A Larger Dividend Than Last Year
Apr 03Grieg Seafood (OB:GSF) Might Be Having Difficulty Using Its Capital Effectively
Feb 08Grieg Seafood ASA's (OB:GSF) Intrinsic Value Is Potentially 24% Below Its Share Price
Jan 26Here's Why We Think Grieg Seafood (OB:GSF) Might Deserve Your Attention Today
Jan 09We Think Grieg Seafood (OB:GSF) Can Manage Its Debt With Ease
Sep 20Grieg Seafood (OB:GSF) Will Want To Turn Around Its Return Trends
Aug 03Grieg Seafood (OB:GSF) Could Easily Take On More Debt
Jun 21Estimating The Intrinsic Value Of Grieg Seafood ASA (OB:GSF)
May 22Grieg Seafood (OB:GSF) Has A Pretty Healthy Balance Sheet
Mar 16Shareholders Will Be Pleased With The Quality of Grieg Seafood's (OB:GSF) Earnings
Feb 22Here's What's Concerning About Grieg Seafood's (OB:GSF) Returns On Capital
Feb 16Grieg Seafood (OB:GSF) Has A Somewhat Strained Balance Sheet
Dec 01A Look At The Fair Value Of Grieg Seafood ASA (OB:GSF)
Nov 15Financial Position Analysis
Short Term Liabilities: GSF's short term assets (NOK6.0B) exceed its short term liabilities (NOK1.5B).
Long Term Liabilities: GSF's short term assets (NOK6.0B) exceed its long term liabilities (NOK5.5B).
Debt to Equity History and Analysis
Debt Level: GSF's net debt to equity ratio (51.9%) is considered high.
Reducing Debt: GSF's debt to equity ratio has increased from 52.5% to 55.5% over the past 5 years.
Debt Coverage: GSF's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: GSF's interest payments on its debt are well covered by EBIT (3.8x coverage).