Elkem Balance Sheet Health
Financial Health criteria checks 3/6
Elkem has a total shareholder equity of NOK24.7B and total debt of NOK15.8B, which brings its debt-to-equity ratio to 64%. Its total assets and total liabilities are NOK51.0B and NOK26.2B respectively. Elkem's EBIT is NOK175.0M making its interest coverage ratio 0.3. It has cash and short-term investments of NOK5.8B.
Key information
64.0%
Debt to equity ratio
kr15.85b
Debt
| Interest coverage ratio | 0.3x |
| Cash | kr5.85b |
| Equity | kr24.74b |
| Total liabilities | kr26.22b |
| Total assets | kr50.96b |
Recent financial health updates
Is Elkem (OB:ELK) A Risky Investment?
Dec 15
Does Elkem (OB:ELK) Have A Healthy Balance Sheet?
Aug 19Is Elkem (OB:ELK) Using Too Much Debt?
Apr 16Is Elkem (OB:ELK) A Risky Investment?
Mar 28Recent updates
Analysts Have Made A Financial Statement On Elkem ASA's (OB:ELK) First-Quarter Report
Apr 22What Does Elkem ASA's (OB:ELK) Share Price Indicate?
Apr 09Is Elkem (OB:ELK) A Risky Investment?
Dec 15Why Elkem ASA (OB:ELK) Could Be Worth Watching
Oct 23Elkem (OB:ELK) Will Want To Turn Around Its Return Trends
Oct 04Does Elkem (OB:ELK) Have A Healthy Balance Sheet?
Aug 19Estimating The Intrinsic Value Of Elkem ASA (OB:ELK)
Aug 03What Is Elkem ASA's (OB:ELK) Share Price Doing?
Jul 15Why We Like The Returns At Elkem (OB:ELK)
Jun 21Is Elkem (OB:ELK) Using Too Much Debt?
Apr 16A Look At The Fair Value Of Elkem ASA (OB:ELK)
Apr 03Elkem (OB:ELK) Is Very Good At Capital Allocation
Mar 20Are Investors Undervaluing Elkem ASA (OB:ELK) By 33%?
Nov 25Is Elkem ASA (OB:ELK) Trading At A 37% Discount?
Aug 16Industry Analysts Just Upgraded Their Elkem ASA (OB:ELK) Revenue Forecasts By 10%
Jul 20Why We Like The Returns At Elkem (OB:ELK)
Jul 08Is There Now An Opportunity In Elkem ASA (OB:ELK)?
May 06Elkem's (OB:ELK) Dividend Will Be Increased To kr3.00
Apr 21An Intrinsic Calculation For Elkem ASA (OB:ELK) Suggests It's 31% Undervalued
Apr 19Elkem's (OB:ELK) Dividend Will Be Increased To kr3.00
Apr 03Is Elkem (OB:ELK) A Risky Investment?
Mar 28Elkem's (OB:ELK) Dividend Will Be Increased To kr3.00
Feb 26Elkem (OB:ELK) Is Paying Out A Larger Dividend Than Last Year
Feb 12Financial Position Analysis
Short Term Liabilities: ELK's short term assets (NOK21.0B) exceed its short term liabilities (NOK10.5B).
Long Term Liabilities: ELK's short term assets (NOK21.0B) exceed its long term liabilities (NOK15.7B).
Debt to Equity History and Analysis
Debt Level: ELK's net debt to equity ratio (40.4%) is considered high.
Reducing Debt: ELK's debt to equity ratio has reduced from 74.6% to 64% over the past 5 years.
Debt Coverage: ELK's debt is not well covered by operating cash flow (18.7%).
Interest Coverage: ELK's interest payments on its debt are not well covered by EBIT (0.3x coverage).