Nordic Halibut Balance Sheet Health
Financial Health criteria checks 4/6
Nordic Halibut has a total shareholder equity of NOK505.4M and total debt of NOK74.2M, which brings its debt-to-equity ratio to 14.7%. Its total assets and total liabilities are NOK733.4M and NOK227.9M respectively.
Key information
14.7%
Debt to equity ratio
kr74.23m
Debt
Interest coverage ratio | n/a |
Cash | kr105.02m |
Equity | kr505.43m |
Total liabilities | kr227.93m |
Total assets | kr733.37m |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: NOHAL's short term assets (NOK366.8M) exceed its short term liabilities (NOK131.8M).
Long Term Liabilities: NOHAL's short term assets (NOK366.8M) exceed its long term liabilities (NOK96.2M).
Debt to Equity History and Analysis
Debt Level: NOHAL has more cash than its total debt.
Reducing Debt: NOHAL's debt to equity ratio has reduced from 65.9% to 14.7% 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 26.8% each year