ECIT Balance Sheet Health
Financial Health criteria checks 3/6
ECIT has a total shareholder equity of NOK1.9B and total debt of NOK619.0M, which brings its debt-to-equity ratio to 32.9%. Its total assets and total liabilities are NOK3.8B and NOK1.9B respectively. ECIT's EBIT is NOK267.0M making its interest coverage ratio 9.2. It has cash and short-term investments of NOK192.0M.
Key information
32.9%
Debt to equity ratio
kr619.00m
Debt
Interest coverage ratio | 9.2x |
Cash | kr192.00m |
Equity | kr1.88b |
Total liabilities | kr1.89b |
Total assets | kr3.77b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: ECIT's short term assets (NOK888.0M) do not cover its short term liabilities (NOK949.0M).
Long Term Liabilities: ECIT's short term assets (NOK888.0M) do not cover its long term liabilities (NOK937.0M).
Debt to Equity History and Analysis
Debt Level: ECIT's net debt to equity ratio (22.7%) is considered satisfactory.
Reducing Debt: ECIT's debt to equity ratio has increased from 3.1% to 32.9% over the past 5 years.
Debt Coverage: ECIT's debt is well covered by operating cash flow (68.3%).
Interest Coverage: ECIT's interest payments on its debt are well covered by EBIT (9.2x coverage).