Nordic Mining Balance Sheet Health
Financial Health criteria checks 1/6
Nordic Mining has a total shareholder equity of NOK1.5B and total debt of NOK1.6B, which brings its debt-to-equity ratio to 104%. Its total assets and total liabilities are NOK3.3B and NOK1.8B respectively.
Key information
104.0%
Debt to equity ratio
NOK 1.57b
Debt
| Interest coverage ratio | n/a |
| Cash | NOK 586.30m |
| Equity | NOK 1.51b |
| Total liabilities | NOK 1.76b |
| Total assets | NOK 3.27b |
Recent financial health updates
Is Nordic Mining (OB:NOM) Using Too Much Debt?
Jul 04
Does Nordic Mining (OB:NOM) Have A Healthy Balance Sheet?
Dec 05Is Nordic Mining (OB:NOM) Using Debt Sensibly?
Jul 06We're Hopeful That Nordic Mining (OB:NOM) Will Use Its Cash Wisely
May 12Is Nordic Mining (OB:NOM) In A Good Position To Invest In Growth?
Jan 11Recent updates
Is Nordic Mining (OB:NOM) Using Too Much Debt?
Jul 04Does Nordic Mining (OB:NOM) Have A Healthy Balance Sheet?
Dec 05Is Nordic Mining (OB:NOM) Using Debt Sensibly?
Jul 06Nordic Mining's (OB:NOM) Earnings Are Built On Soft Foundations
Nov 16We're Hopeful That Nordic Mining (OB:NOM) Will Use Its Cash Wisely
May 12Is Nordic Mining (OB:NOM) In A Good Position To Invest In Growth?
Jan 11Financial Position Analysis
Short Term Liabilities: NOM's short term assets (NOK674.6M) exceed its short term liabilities (NOK196.8M).
Long Term Liabilities: NOM's short term assets (NOK674.6M) do not cover its long term liabilities (NOK1.6B).
Debt to Equity History and Analysis
Debt Level: NOM's net debt to equity ratio (65.1%) is considered high.
Reducing Debt: NOM's debt to equity ratio has increased from 0% to 104% 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: NOM has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: NOM has less than a year of cash runway if free cash flow continues to reduce at historical rates of 58.6% each year
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/01/02 04:03 |
| End of Day Share Price | 2025/01/02 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Nordic Mining ASA is covered by 4 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Morten Normann | Carnegie Investment Bank AB |
| Andreas Bertheussen | Kepler Cheuvreux |
| Aleksandr Solovjov | Norne Securities AS |