Norcod Balance Sheet Health
Financial Health criteria checks 4/6
Norcod has a total shareholder equity of NOK221.8M and total debt of NOK152.5M, which brings its debt-to-equity ratio to 68.8%. Its total assets and total liabilities are NOK694.3M and NOK472.5M respectively.
Key information
68.8%
Debt to equity ratio
kr152.54m
Debt
| Interest coverage ratio | n/a |
| Cash | kr18.78m |
| Equity | kr221.83m |
| Total liabilities | kr472.50m |
| Total assets | kr694.33m |
Financial Position Analysis
Short Term Liabilities: NCOD's short term assets (NOK344.8M) exceed its short term liabilities (NOK315.1M).
Long Term Liabilities: NCOD's short term assets (NOK344.8M) exceed its long term liabilities (NOK157.4M).
Debt to Equity History and Analysis
Debt Level: NCOD's net debt to equity ratio (60.3%) 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.