Spir Group Balance Sheet Health
Financial Health criteria checks 2/6
Spir Group has a total shareholder equity of NOK1.1B and total debt of NOK661.8M, which brings its debt-to-equity ratio to 62%. Its total assets and total liabilities are NOK2.1B and NOK1.0B respectively. Spir Group's EBIT is NOK50.2M making its interest coverage ratio 1.1. It has cash and short-term investments of NOK54.5M.
Key information
62.0%
Debt to equity ratio
kr661.77m
Debt
| Interest coverage ratio | 1.1x |
| Cash | kr54.48m |
| Equity | kr1.07b |
| Total liabilities | kr1.05b |
| Total assets | kr2.12b |
Recent financial health updates
No updates
Recent updates
Further Upside For Spir Group ASA (OB:SPIR) Shares Could Introduce Price Risks After 28% Bounce
Apr 04
Market Still Lacking Some Conviction On Spir Group ASA (OB:SPIR)
Dec 29We Like These Underlying Return On Capital Trends At Sikri Holding (OB:SIKRI)
Nov 06Sikri Holding (OB:SIKRI) Has Some Way To Go To Become A Multi-Bagger
Feb 24Financial Position Analysis
Short Term Liabilities: SPIR's short term assets (NOK200.3M) do not cover its short term liabilities (NOK384.6M).
Long Term Liabilities: SPIR's short term assets (NOK200.3M) do not cover its long term liabilities (NOK665.2M).
Debt to Equity History and Analysis
Debt Level: SPIR's net debt to equity ratio (56.9%) is considered high.
Reducing Debt: Insufficient data to determine if SPIR's debt to equity ratio has reduced 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: Whilst unprofitable SPIR has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: SPIR is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 43.4% per year.