Norbit Balance Sheet Health
Financial Health criteria checks 6/6
Norbit has a total shareholder equity of NOK793.4M and total debt of NOK211.5M, which brings its debt-to-equity ratio to 26.7%. Its total assets and total liabilities are NOK1.5B and NOK703.0M respectively. Norbit's EBIT is NOK284.0M making its interest coverage ratio 9.9. It has cash and short-term investments of NOK60.7M.
Key information
26.7%
Debt to equity ratio
kr211.50m
Debt
| Interest coverage ratio | 9.9x |
| Cash | kr60.70m |
| Equity | kr793.40m |
| Total liabilities | kr703.00m |
| Total assets | kr1.50b |
Recent financial health updates
These 4 Measures Indicate That Norbit (OB:NORBT) Is Using Debt Reasonably Well
Dec 08
Here's Why Norbit (OB:NORBT) Has A Meaningful Debt Burden
Apr 16Is Norbit (OB:NORBT) Using Too Much Debt?
Jan 15Recent updates
Norbit's (OB:NORBT) Shareholders Will Receive A Bigger Dividend Than Last Year
Apr 10If EPS Growth Is Important To You, Norbit (OB:NORBT) Presents An Opportunity
Oct 19Norbit (OB:NORBT) Could Become A Multi-Bagger
Aug 19Here's Why Norbit (OB:NORBT) Has Caught The Eye Of Investors
May 11Norbit (OB:NORBT) Will Pay A Larger Dividend Than Last Year At NOK0.70
Apr 02Norbit's (OB:NORBT) Shareholders Will Receive A Bigger Dividend Than Last Year
Mar 11Norbit (OB:NORBT) Has Announced That It Will Be Increasing Its Dividend To NOK0.70
Feb 18These 4 Measures Indicate That Norbit (OB:NORBT) Is Using Debt Reasonably Well
Dec 08Norbit (OB:NORBT) Is Experiencing Growth In Returns On Capital
Nov 05A Look At The Fair Value Of Norbit ASA (OB:NORBT)
May 11Is It Time To Consider Buying Norbit ASA (OB:NORBT)?
Sep 30Upgrade: Analysts Just Made A Sizeable Increase To Their Norbit ASA (OB:NORBT) Forecasts
Aug 17Investors Could Be Concerned With Norbit's (OB:NORBT) Returns On Capital
Aug 14Here's Why Norbit (OB:NORBT) Has A Meaningful Debt Burden
Apr 16The Returns At Norbit (OB:NORBT) Provide Us With Signs Of What's To Come
Mar 17Declining Stock and Decent Financials: Is The Market Wrong About Norbit ASA (OB:NORBT)?
Mar 02Group Chief Executive Officer Per Weisethaunet Just Bought A Handful Of Shares In Norbit ASA (OB:NORBT)
Feb 13
Should You Buy Norbit ASA (OB:NORBT) For Its Dividend?
Feb 02Is Norbit (OB:NORBT) Using Too Much Debt?
Jan 15If You Had Bought Norbit's (OB:NORBT) Shares A Year Ago You Would Be Down 11%
Dec 28Can Norbit (OB:NORBT) Continue To Grow Its Returns On Capital?
Dec 14Norbit ASA's (OB:NORBIT) Stock's On An Uptrend: Are Strong Financials Guiding The Market?
Nov 26Financial Position Analysis
Short Term Liabilities: NORBT's short term assets (NOK841.1M) exceed its short term liabilities (NOK531.1M).
Long Term Liabilities: NORBT's short term assets (NOK841.1M) exceed its long term liabilities (NOK171.9M).
Debt to Equity History and Analysis
Debt Level: NORBT's net debt to equity ratio (19%) is considered satisfactory.
Reducing Debt: NORBT's debt to equity ratio has reduced from 107.6% to 26.7% over the past 5 years.
Debt Coverage: NORBT's debt is well covered by operating cash flow (163.5%).
Interest Coverage: NORBT's interest payments on its debt are well covered by EBIT (9.9x coverage).