Grieg Seafood Balance Sheet Health
Financial Health criteria checks 2/6
Grieg Seafood has a total shareholder equity of NOK6.4B and total debt of NOK3.5B, which brings its debt-to-equity ratio to 54.8%. Its total assets and total liabilities are NOK13.1B and NOK6.7B respectively. Grieg Seafood's EBIT is NOK134.6M making its interest coverage ratio 0.5. It has cash and short-term investments of NOK279.3M.
Key information
54.8%
Debt to equity ratio
NOK 3.50b
Debt
| Interest coverage ratio | 0.5x |
| Cash | NOK 279.31m |
| Equity | NOK 6.39b |
| Total liabilities | NOK 6.72b |
| Total assets | NOK 13.10b |
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 16Recent 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 16Financial Position Analysis
Short Term Liabilities: GSF's short term assets (NOK5.2B) exceed its short term liabilities (NOK1.4B).
Long Term Liabilities: GSF's short term assets (NOK5.2B) do not cover its long term liabilities (NOK5.3B).
Debt to Equity History and Analysis
Debt Level: GSF's net debt to equity ratio (50.4%) is considered high.
Reducing Debt: GSF's debt to equity ratio has reduced from 60% to 54.8% over the past 5 years.
Debt Coverage: GSF's debt is not well covered by operating cash flow (8.2%).
Interest Coverage: GSF's interest payments on its debt are not well covered by EBIT (0.5x coverage).