Norcod Balance Sheet Health
Financial Health criteria checks 3/6
Norcod has a total shareholder equity of NOK157.3M and total debt of NOK222.3M, which brings its debt-to-equity ratio to 141.4%. Its total assets and total liabilities are NOK658.0M and NOK500.8M respectively.
Key information
141.35%
Debt to equity ratio
NOK 222.29m
Debt
| Interest coverage ratio | n/a |
| Cash | NOK 22.53m |
| Equity | NOK 157.26m |
| Total liabilities | NOK 500.75m |
| Total assets | NOK 658.01m |
Recent financial health updates
Health Check: How Prudently Does Norcod (OB:NCOD) Use Debt?
Feb 19
Norcod (OB:NCOD) Is Making Moderate Use Of Debt
Oct 14We Think Norcod (OB:NCOD) Has A Fair Chunk Of Debt
Jun 04Is Norcod (OB:NCOD) A Risky Investment?
Mar 04Recent updates
Health Check: How Prudently Does Norcod (OB:NCOD) Use Debt?
Feb 19Insufficient Growth At Norcod AS (OB:NCOD) Hampers Share Price
Dec 21Norcod (OB:NCOD) Is Making Moderate Use Of Debt
Oct 14Norcod AS' (OB:NCOD) P/S Is Still On The Mark Following 77% Share Price Bounce
Jul 26Norcod AS (OB:NCOD) Stocks Shoot Up 30% But Its P/S Still Looks Reasonable
Jun 05We Think Norcod (OB:NCOD) Has A Fair Chunk Of Debt
Jun 04Is Norcod (OB:NCOD) A Risky Investment?
Mar 04A Piece Of The Puzzle Missing From Norcod AS' (OB:NCOD) Share Price
Dec 26It's Down 28% But Norcod AS (OB:NCOD) Could Be Riskier Than It Looks
Nov 11Financial Position Analysis
Short Term Liabilities: NCOD's short term assets (NOK317.0M) do not cover its short term liabilities (NOK372.6M).
Long Term Liabilities: NCOD's short term assets (NOK317.0M) exceed its long term liabilities (NOK128.2M).
Debt to Equity History and Analysis
Debt Level: NCOD's net debt to equity ratio (127%) is considered high.
Reducing Debt: Insufficient data to determine if NCOD's debt to equity ratio has reduced over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: NCOD has sufficient cash runway for 1 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: NCOD is forecast to have sufficient cash runway for 1 months based on free cash flow estimates, but has since raised additional capital.
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/05/16 05:34 |
| End of Day Share Price | 2025/05/16 00:00 |
| Earnings | 2024/12/31 |
| Annual Earnings | 2024/12/31 |
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 |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
| |
| 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.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
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 Github.
Analyst Sources
Norcod AS is covered by 0 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.