Baltic Sea Properties Balance Sheet Health
Financial Health criteria checks 1/6
Baltic Sea Properties has a total shareholder equity of NOK450.1M and total debt of NOK654.4M, which brings its debt-to-equity ratio to 145.4%. Its total assets and total liabilities are NOK1.2B and NOK752.1M respectively. Baltic Sea Properties's EBIT is NOK65.9M making its interest coverage ratio 2. It has cash and short-term investments of NOK40.9M.
Key information
145.4%
Debt to equity ratio
kr654.42m
Debt
| Interest coverage ratio | 2x |
| Cash | kr40.89m |
| Equity | kr450.06m |
| Total liabilities | kr752.12m |
| Total assets | kr1.20b |
Recent financial health updates
Does Baltic Sea Properties (OB:BALT) Have A Healthy Balance Sheet?
Oct 07
Is Baltic Sea Properties (OB:BALT) A Risky Investment?
Dec 25
Recent updates
Baltic 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 (NOK47.2M) do not cover its short term liabilities (NOK57.6M).
Long Term Liabilities: BALT's short term assets (NOK47.2M) do not cover its long term liabilities (NOK694.5M).
Debt to Equity History and Analysis
Debt Level: BALT's net debt to equity ratio (136.3%) is considered high.
Reducing Debt: BALT's debt to equity ratio has reduced from 235.7% to 145.4% over the past 5 years.
Debt Coverage: BALT's debt is not well covered by operating cash flow (10.2%).
Interest Coverage: BALT's interest payments on its debt are not well covered by EBIT (2x coverage).