Baltic Sea Properties Balance Sheet Health
Financial Health criteria checks 2/6
Baltic Sea Properties has a total shareholder equity of NOK556.9M and total debt of NOK641.0M, which brings its debt-to-equity ratio to 115.1%. Its total assets and total liabilities are NOK1.3B and NOK755.3M respectively. Baltic Sea Properties's EBIT is NOK66.1M making its interest coverage ratio 1.7. It has cash and short-term investments of NOK83.7M.
Key information
115.1%
Debt to equity ratio
NOK 641.02m
Debt
| Interest coverage ratio | 1.7x |
| Cash | NOK 83.74m |
| Equity | NOK 556.87m |
| Total liabilities | NOK 755.32m |
| Total assets | NOK 1.31b |
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 (NOK90.4M) exceed its short term liabilities (NOK46.4M).
Long Term Liabilities: BALT's short term assets (NOK90.4M) do not cover its long term liabilities (NOK708.9M).
Debt to Equity History and Analysis
Debt Level: BALT's net debt to equity ratio (100.1%) is considered high.
Reducing Debt: BALT's debt to equity ratio has reduced from 179.3% to 115.1% over the past 5 years.
Debt Coverage: BALT's debt is not well covered by operating cash flow (13.4%).
Interest Coverage: BALT's interest payments on its debt are not well covered by EBIT (1.7x coverage).