General Oceans Balance Sheet Health

Financial Health criteria checks 6/6

General Oceans has a total shareholder equity of NOK1.3B and total debt of NOK309.0K, which brings its debt-to-equity ratio to 0.02%. Its total assets and total liabilities are NOK1.8B and NOK474.2M respectively. General Oceans's EBIT is NOK163.0M making its interest coverage ratio 24.1. It has cash and short-term investments of NOK545.8M.

Key information

0.024%

Debt to equity ratio

NOK 309.00k

Debt

Interest coverage ratio	24.1x
Cash	NOK 545.82m
Equity	NOK 1.30b
Total liabilities	NOK 474.18m
Total assets	NOK 1.77b

Recent financial health updates

No updates

Recent updates

New Narrative • Aug 13

Defense Subsea Robotics Demand Will Drive Long-Term Upside Potential

Catalysts About General Oceans General Oceans provides subsea sensors, robotic systems and subsystems used in defense, marine construction and ocean science. What are the underlying business or industry changes driving this perspective?

Financial Position Analysis

Short Term Liabilities: GENO's short term assets (NOK1.0B) exceed its short term liabilities (NOK364.3M).

Long Term Liabilities: GENO's short term assets (NOK1.0B) exceed its long term liabilities (NOK109.9M).

Debt to Equity History and Analysis

Debt Level: GENO has more cash than its total debt.

Reducing Debt: GENO's debt to equity ratio has reduced from 9.5% to 0.02% over the past 5 years.

Debt Coverage: GENO's debt is well covered by operating cash flow (14529.4%).

Interest Coverage: GENO's interest payments on its debt are well covered by EBIT (24.1x coverage).

Balance Sheet

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Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2026/08/24 05:10
End of Day Share Price	2026/08/21 00:00
Earnings	2026/06/30
Annual Earnings	2025/12/31

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.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* 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

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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

General Oceans ASA is covered by 1 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Eirik Rafdal	DNB Carnegie