Baltic Sea Properties Balance Sheet Health
Financial Health criteria checks 2/6
Baltic Sea Properties has a total shareholder equity of NOK585.5M and total debt of NOK658.7M, which brings its debt-to-equity ratio to 112.5%. Its total assets and total liabilities are NOK1.4B and NOK781.6M respectively. Baltic Sea Properties's EBIT is NOK67.9M making its interest coverage ratio 1.7. It has cash and short-term investments of NOK82.1M.
Key information
112.5%
Debt to equity ratio
NOK 658.71m
Debt
| Interest coverage ratio | 1.7x |
| Cash | NOK 82.06m |
| Equity | NOK 585.52m |
| Total liabilities | NOK 781.63m |
| Total assets | NOK 1.37b |
Recent financial health updates
We Think Baltic Sea Properties (OB:BALT) Is Taking Some Risk With Its Debt
Nov 27
Does Baltic Sea Properties (OB:BALT) Have A Healthy Balance Sheet?
Oct 07Is Baltic Sea Properties (OB:BALT) A Risky Investment?
Dec 25
Recent updates
We Think Baltic Sea Properties (OB:BALT) Is Taking Some Risk With Its Debt
Nov 27Baltic Sea Properties AS' (OB:BALT) Share Price Could Signal Some Risk
Mar 09Does Baltic Sea Properties (OB:BALT) Have A Healthy Balance Sheet?
Oct 07Statutory Earnings May Not Be The Best Way To Understand Baltic Sea Properties' (OB:BALT) True Position
Apr 08Tread With Caution Around Baltic Sea Properties AS's (OB:BALT) 1.8% Dividend Yield
Feb 16Is Baltic Sea Properties (OB:BALT) A Risky Investment?
Dec 25Financial Position Analysis
Short Term Liabilities: BALT's short term assets (NOK86.8M) exceed its short term liabilities (NOK45.7M).
Long Term Liabilities: BALT's short term assets (NOK86.8M) do not cover its long term liabilities (NOK735.9M).
Debt to Equity History and Analysis
Debt Level: BALT's net debt to equity ratio (98.5%) is considered high.
Reducing Debt: BALT's debt to equity ratio has reduced from 191.9% to 112.5% over the past 5 years.
Debt Coverage: BALT's debt is not well covered by operating cash flow (13.1%).
Interest Coverage: BALT's interest payments on its debt are not well covered by EBIT (1.7x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/22 02:50 |
| End of Day Share Price | 2024/12/20 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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Industry and Sector Metrics
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Analyst Sources
Baltic Sea Properties AS is covered by 0 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 |
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