Spir Group ASA

OB:SPIR Stock Report

Market Cap: NOK 1.1b

This company listing is no longer active

This company may still be operating, however this listing is no longer active. Find out why through their latest events.

Spir Group Balance Sheet Health

Financial Health criteria checks 5/6

Spir Group has a total shareholder equity of NOK1.8B and total debt of NOK160.8M, which brings its debt-to-equity ratio to 9%. Its total assets and total liabilities are NOK2.4B and NOK593.7M respectively.

Key information

9.04%

Debt to equity ratio

NOK 160.83m

Debt

Interest coverage ration/a
CashNOK 108.07m
EquityNOK 1.78b
Total liabilitiesNOK 593.67m
Total assetsNOK 2.37b

Recent financial health updates

Recent updates

Analysis Article Sep 13

We Think Spir Group (OB:SPIR) Can Stay On Top Of Its Debt

David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
Analysis Article Jul 12

Many Still Looking Away From Spir Group ASA (OB:SPIR)

Spir Group ASA's ( OB:SPIR ) price-to-sales (or "P/S") ratio of 1.2x might make it look like a buy right now compared...
Analysis Article May 22

We Think Spir Group's (OB:SPIR) Robust Earnings Are Conservative

Spir Group ASA ( OB:SPIR ) just reported healthy earnings but the stock price didn't move much. Our analysis suggests...
Analysis Article Feb 21

Spir Group ASA (OB:SPIR) Stock Rockets 26% But Many Are Still Ignoring The Company

Spir Group ASA ( OB:SPIR ) shareholders have had their patience rewarded with a 26% share price jump in the last month...
Analysis Article Feb 13

At kr9.14, Is Spir Group ASA (OB:SPIR) Worth Looking At Closely?

While Spir Group ASA ( OB:SPIR ) might not have the largest market cap around , it saw a double-digit share price rise...
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New Narrative Feb 09

AI Investments And Acquisitions Like Unbolt Will Expand Digital Real Estate Services

Strategic acquisitions and AI investments are expected to boost revenue and operational efficiencies, driving future earnings growth.
Analysis Article Nov 20

The Strong Earnings Posted By Spir Group (OB:SPIR) Are A Good Indication Of The Strength Of The Business

Investors were underwhelmed by the solid earnings posted by Spir Group ASA ( OB:SPIR ) recently. Our analysis says that...
Analysis Article Oct 25

Spir Group's (OB:SPIR) Returns On Capital Are Heading Higher

If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...
Analysis Article Apr 04

Further Upside For Spir Group ASA (OB:SPIR) Shares Could Introduce Price Risks After 28% Bounce

Spir Group ASA ( OB:SPIR ) shareholders would be excited to see that the share price has had a great month, posting a...
Analysis Article Dec 29

Market Still Lacking Some Conviction On Spir Group ASA (OB:SPIR)

With a price-to-sales (or "P/S") ratio of 0.8x Spir Group ASA ( OB:SPIR ) may be sending very bullish signals at the...
Analysis Article Nov 06

We Like These Underlying Return On Capital Trends At Sikri Holding (OB:SIKRI)

If you're looking for a multi-bagger, there's a few things to keep an eye out for. In a perfect world, we'd like to see...
Analysis Article Feb 24

Sikri Holding (OB:SIKRI) Has Some Way To Go To Become A Multi-Bagger

What trends should we look for it we want to identify stocks that can multiply in value over the long term? In a...

Financial Position Analysis

Short Term Liabilities: SPIR's short term assets (NOK286.5M) exceed its short term liabilities (NOK241.9M).

Long Term Liabilities: SPIR's short term assets (NOK286.5M) do not cover its long term liabilities (NOK351.8M).


Debt to Equity History and Analysis

Debt Level: SPIR's net debt to equity ratio (3%) is considered satisfactory.

Reducing Debt: SPIR's debt to equity ratio has reduced from 41.3% to 9% 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 31.4% per year.


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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/03/09 05:05
End of Day Share Price 2026/03/09 00:00
Earnings2025/12/31
Annual Earnings2025/12/31

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.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* 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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Spir Group ASA is covered by 1 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.

AnalystInstitution
null nullABG Sundal Collier