Elkem Balance Sheet Health
Financial Health criteria checks 3/6
Elkem has a total shareholder equity of NOK25.7B and total debt of NOK17.4B, which brings its debt-to-equity ratio to 67.9%. Its total assets and total liabilities are NOK52.4B and NOK26.7B respectively. Elkem's EBIT is NOK832.0M making its interest coverage ratio 1.1. It has cash and short-term investments of NOK6.5B.
Key information
67.9%
Debt to equity ratio
NOK 17.44b
Debt
| Interest coverage ratio | 1.1x |
| Cash | NOK 6.52b |
| Equity | NOK 25.69b |
| Total liabilities | NOK 26.72b |
| Total assets | NOK 52.41b |
Recent financial health updates
These 4 Measures Indicate That Elkem (OB:ELK) Is Using Debt In A Risky Way
Jun 11
Is Elkem (OB:ELK) A Risky Investment?
Dec 15Does Elkem (OB:ELK) Have A Healthy Balance Sheet?
Aug 19Is Elkem (OB:ELK) Using Too Much Debt?
Apr 16Recent updates
There May Be Reason For Hope In Elkem's (OB:ELK) Disappointing Earnings
Nov 02Elkem ASA Just Missed EPS By 51%: Here's What Analysts Think Will Happen Next
Oct 27Little Excitement Around Elkem ASA's (OB:ELK) Revenues
Sep 04The Returns On Capital At Elkem (OB:ELK) Don't Inspire Confidence
Aug 07Elkem ASA Beat Analyst Estimates: See What The Consensus Is Forecasting For This Year
Jul 17These 4 Measures Indicate That Elkem (OB:ELK) Is Using Debt In A Risky Way
Jun 11Elkem ASA's (OB:ELK) Revenues Are Not Doing Enough For Some Investors
May 27Elkem ASA's (OB:ELK) Intrinsic Value Is Potentially 24% Below Its Share Price
May 11Analysts 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 06Financial Position Analysis
Short Term Liabilities: ELK's short term assets (NOK22.0B) exceed its short term liabilities (NOK10.0B).
Long Term Liabilities: ELK's short term assets (NOK22.0B) exceed its long term liabilities (NOK16.7B).
Debt to Equity History and Analysis
Debt Level: ELK's net debt to equity ratio (42.5%) is considered high.
Reducing Debt: ELK's debt to equity ratio has reduced from 81.6% to 67.9% over the past 5 years.
Debt Coverage: ELK's debt is not well covered by operating cash flow (6.9%).
Interest Coverage: ELK's interest payments on its debt are not well covered by EBIT (1.1x coverage).