Icelandic Salmon Balance Sheet Health
Financial Health criteria checks 5/6
Icelandic Salmon has a total shareholder equity of €152.9M and total debt of €56.0M, which brings its debt-to-equity ratio to 36.6%. Its total assets and total liabilities are €238.3M and €85.4M respectively. Icelandic Salmon's EBIT is €13.7M making its interest coverage ratio 4.1. It has cash and short-term investments of €10.2M.
Key information
36.6%
Debt to equity ratio
€56.00m
Debt
Interest coverage ratio | 4.1x |
Cash | €10.19m |
Equity | €152.88m |
Total liabilities | €85.41m |
Total assets | €238.29m |
Recent financial health updates
No updates
Recent updates
We Like These Underlying Return On Capital Trends At Icelandic Salmon (OB:ISLAX)
Aug 26Icelandic Salmon (OB:ISLAX) Might Have The Makings Of A Multi-Bagger
Mar 02Industry Analysts Just Made A Substantial Upgrade To Their Icelandic Salmon AS (OB:ISLAX) Revenue Forecasts
Aug 26Icelandic Salmon (OB:ISLAX) Strong Profits May Be Masking Some Underlying Issues
Sep 11Returns On Capital At Icelandic Salmon (OB:ISLAX) Paint A Concerning Picture
Jun 10Financial Position Analysis
Short Term Liabilities: ISLAX's short term assets (€97.1M) exceed its short term liabilities (€23.0M).
Long Term Liabilities: ISLAX's short term assets (€97.1M) exceed its long term liabilities (€62.4M).
Debt to Equity History and Analysis
Debt Level: ISLAX's net debt to equity ratio (30%) is considered satisfactory.
Reducing Debt: Insufficient data to determine if ISLAX's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: ISLAX's debt is well covered by operating cash flow (71.7%).
Interest Coverage: ISLAX's interest payments on its debt are well covered by EBIT (4.1x coverage).