Elkem Balance Sheet Health
Financial Health criteria checks 4/6
Elkem has a total shareholder equity of NOK25.4B and total debt of NOK15.6B, which brings its debt-to-equity ratio to 61.5%. Its total assets and total liabilities are NOK50.2B and NOK24.8B respectively. Elkem's EBIT is NOK233.0M making its interest coverage ratio 0.3. It has cash and short-term investments of NOK5.4B.
Key information
61.5%
Debt to equity ratio
NOK 15.58b
Debt
| Interest coverage ratio | 0.3x |
| Cash | NOK 5.44b |
| Equity | NOK 25.35b |
| Total liabilities | NOK 24.82b |
| Total assets | NOK 50.17b |
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
Elkem 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 06Elkem's (OB:ELK) Dividend Will Be Increased To kr3.00
Apr 21Financial Position Analysis
Short Term Liabilities: ELK's short term assets (NOK20.1B) exceed its short term liabilities (NOK10.0B).
Long Term Liabilities: ELK's short term assets (NOK20.1B) exceed its long term liabilities (NOK14.8B).
Debt to Equity History and Analysis
Debt Level: ELK's net debt to equity ratio (40%) is considered satisfactory.
Reducing Debt: ELK's debt to equity ratio has reduced from 82.7% to 61.5% over the past 5 years.
Debt Coverage: ELK's debt is not well covered by operating cash flow (14.3%).
Interest Coverage: ELK's interest payments on its debt are not well covered by EBIT (0.3x coverage).