Spir Group Balance Sheet Health
Financial Health criteria checks 1/6
Spir Group has a total shareholder equity of NOK1.3B and total debt of NOK699.8M, which brings its debt-to-equity ratio to 55.1%. Its total assets and total liabilities are NOK2.4B and NOK1.2B respectively. Spir Group's EBIT is NOK63.0M making its interest coverage ratio 1. It has cash and short-term investments of NOK53.7M.
Key information
55.1%
Debt to equity ratio
NOK 699.83m
Debt
| Interest coverage ratio | 1x |
| Cash | NOK 53.75m |
| Equity | NOK 1.27b |
| Total liabilities | NOK 1.16b |
| Total assets | NOK 2.42b |
Recent financial health updates
No updates
Recent updates
The Strong Earnings Posted By Spir Group (OB:SPIR) Are A Good Indication Of The Strength Of The Business
Nov 20
Spir Group's (OB:SPIR) Returns On Capital Are Heading Higher
Oct 25Further Upside For Spir Group ASA (OB:SPIR) Shares Could Introduce Price Risks After 28% Bounce
Apr 04Market 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 (NOK247.8M) do not cover its short term liabilities (NOK462.6M).
Long Term Liabilities: SPIR's short term assets (NOK247.8M) do not cover its long term liabilities (NOK693.0M).
Debt to Equity History and Analysis
Debt Level: SPIR's net debt to equity ratio (50.9%) is considered high.
Reducing Debt: Insufficient data to determine if SPIR's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: SPIR's debt is well covered by operating cash flow (31.2%).
Interest Coverage: SPIR's interest payments on its debt are not well covered by EBIT (1x coverage).