Hofseth BioCare Balance Sheet Health
Financial Health criteria checks 2/6
Hofseth BioCare has a total shareholder equity of NOK41.1M and total debt of NOK173.2M, which brings its debt-to-equity ratio to 420.9%. Its total assets and total liabilities are NOK390.1M and NOK349.0M respectively.
Key information
420.9%
Debt to equity ratio
kr173.16m
Debt
Interest coverage ratio | n/a |
Cash | kr23.89m |
Equity | kr41.14m |
Total liabilities | kr348.98m |
Total assets | kr390.12m |
Recent financial health updates
Here's Why Hofseth BioCare (OB:HBC) Can Afford Some Debt
Apr 01We Think Hofseth BioCare (OB:HBC) Has A Fair Chunk Of Debt
Dec 22Health Check: How Prudently Does Hofseth BioCare (OB:HBC) Use Debt?
Apr 28Hofseth BioCare (OB:HBC) Is Carrying A Fair Bit Of Debt
Oct 16Is Hofseth BioCare (OB:HBC) Using Debt Sensibly?
Feb 24Recent updates
Here's Why Hofseth BioCare (OB:HBC) Can Afford Some Debt
Apr 01We Think Hofseth BioCare (OB:HBC) Has A Fair Chunk Of Debt
Dec 22Health Check: How Prudently Does Hofseth BioCare (OB:HBC) Use Debt?
Apr 28Hofseth BioCare (OB:HBC) Is Carrying A Fair Bit Of Debt
Oct 16Is Hofseth BioCare (OB:HBC) Using Debt Sensibly?
Feb 24How Much Of Hofseth BioCare ASA (OB:HBC) Do Insiders Own?
Jan 28Are Insiders Buying Hofseth BioCare ASA (OB:HBC) Stock?
Dec 25Hofseth BioCare (OB:HBC) Shareholders Have Enjoyed A Whopping 339% Share Price Gain
Nov 20Financial Position Analysis
Short Term Liabilities: HBC's short term assets (NOK131.0M) do not cover its short term liabilities (NOK251.9M).
Long Term Liabilities: HBC's short term assets (NOK131.0M) exceed its long term liabilities (NOK97.1M).
Debt to Equity History and Analysis
Debt Level: HBC's net debt to equity ratio (362.8%) is considered high.
Reducing Debt: HBC's debt to equity ratio has increased from 47.3% to 420.9% 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: HBC has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: HBC has less than a year of cash runway if free cash flow continues to reduce at historical rates of 1.3% each year