Nordic Halibut Balance Sheet Health

Financial Health criteria checks 4/6

Nordic Halibut has a total shareholder equity of NOK430.9M and total debt of NOK146.7M, which brings its debt-to-equity ratio to 34.1%. Its total assets and total liabilities are NOK730.0M and NOK299.0M respectively.

Key information

34.1%

Debt to equity ratio

NOK 146.74m

Debt

Interest coverage ration/a
CashNOK 26.92m
EquityNOK 430.95m
Total liabilitiesNOK 299.04m
Total assetsNOK 729.99m

Recent financial health updates

No updates

Recent updates

Most Shareholders Will Probably Find That The Compensation For Nordic Halibut AS' (OB:NOHAL) CEO Is Reasonable

May 23
Most Shareholders Will Probably Find That The Compensation For Nordic Halibut AS' (OB:NOHAL) CEO Is Reasonable

Bearish: Analysts Just Cut Their Nordic Halibut AS (OB:NOHAL) Revenue and EPS estimates

Nov 21
Bearish: Analysts Just Cut Their Nordic Halibut AS (OB:NOHAL) Revenue and EPS estimates

Financial Position Analysis

Short Term Liabilities: NOHAL's short term assets (NOK330.0M) exceed its short term liabilities (NOK205.3M).

Long Term Liabilities: NOHAL's short term assets (NOK330.0M) exceed its long term liabilities (NOK93.7M).


Debt to Equity History and Analysis

Debt Level: NOHAL's net debt to equity ratio (27.8%) is considered satisfactory.

Reducing Debt: NOHAL's debt to equity ratio has reduced from 68.4% to 34.1% 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: NOHAL has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: NOHAL has less than a year of cash runway if free cash flow continues to reduce at historical rates of 34.3% each year


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