Proximar Seafood Balance Sheet Health
Financial Health criteria checks 4/6
Proximar Seafood has a total shareholder equity of NOK414.2M and total debt of NOK930.5M, which brings its debt-to-equity ratio to 224.6%. Its total assets and total liabilities are NOK1.4B and NOK961.6M respectively.
Key information
224.6%
Debt to equity ratio
NOK 930.46m
Debt
| Interest coverage ratio | n/a |
| Cash | NOK 53.37m |
| Equity | NOK 414.19m |
| Total liabilities | NOK 961.55m |
| Total assets | NOK 1.38b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: PROXI's short term assets (NOK120.5M) exceed its short term liabilities (NOK27.9M).
Long Term Liabilities: PROXI's short term assets (NOK120.5M) do not cover its long term liabilities (NOK933.7M).
Debt to Equity History and Analysis
Debt Level: PROXI's net debt to equity ratio (211.8%) is considered high.
Reducing Debt: PROXI had negative shareholder equity 5 years ago, but is now positive and has therefore improved.
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: PROXI has sufficient cash runway for 2 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: PROXI is forecast to have sufficient cash runway for 1 months based on free cash flow estimates, but has since raised additional capital.