Norbit ASA

OB:NORBT Stock Report

Market Cap: NOK 5.9b

Norbit Balance Sheet Health

Financial Health criteria checks 5/6

Norbit has a total shareholder equity of NOK1.0B and total debt of NOK468.5M, which brings its debt-to-equity ratio to 45%. Its total assets and total liabilities are NOK2.0B and NOK993.4M respectively. Norbit's EBIT is NOK260.0M making its interest coverage ratio 7.5. It has cash and short-term investments of NOK116.1M.

Key information

45.0%

Debt to equity ratio

NOK 468.50m

Debt

Interest coverage ratio7.5x
CashNOK 116.10m
EquityNOK 1.04b
Total liabilitiesNOK 993.40m
Total assetsNOK 2.03b

Recent financial health updates

These 4 Measures Indicate That Norbit (OB:NORBT) Is Using Debt Reasonably Well

Dec 08
These 4 Measures Indicate That Norbit (OB:NORBT) Is Using Debt Reasonably Well

Recent updates

Norbit ASA Just Missed Revenue By 14%: Here's What Analysts Think Will Happen Next

Nov 17
Norbit ASA Just Missed Revenue By 14%: Here's What Analysts Think Will Happen Next

Norbit's (OB:NORBT) Weak Earnings May Only Reveal A Part Of The Whole Picture

Aug 23
Norbit's (OB:NORBT) Weak Earnings May Only Reveal A Part Of The Whole Picture

Earnings Beat: Norbit ASA Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Models

Aug 19
Earnings Beat: Norbit ASA Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Models

Norbit ASA's (OB:NORBT) 27% Jump Shows Its Popularity With Investors

Jul 05
Norbit ASA's (OB:NORBT) 27% Jump Shows Its Popularity With Investors

We Think Shareholders Will Probably Be Generous With Norbit ASA's (OB:NORBT) CEO Compensation

Apr 30
We Think Shareholders Will Probably Be Generous With Norbit ASA's (OB:NORBT) CEO Compensation

Norbit's (OB:NORBT) Dividend Will Be Increased To NOK2.55

Apr 26
Norbit's (OB:NORBT) Dividend Will Be Increased To NOK2.55

Norbit's (OB:NORBT) Shareholders Will Receive A Bigger Dividend Than Last Year

Apr 10
Norbit's (OB:NORBT) Shareholders Will Receive A Bigger Dividend Than Last Year

If EPS Growth Is Important To You, Norbit (OB:NORBT) Presents An Opportunity

Oct 19
If EPS Growth Is Important To You, Norbit (OB:NORBT) Presents An Opportunity

Norbit (OB:NORBT) Could Become A Multi-Bagger

Aug 19
Norbit (OB:NORBT) Could Become A Multi-Bagger

Here's Why Norbit (OB:NORBT) Has Caught The Eye Of Investors

May 11
Here's Why Norbit (OB:NORBT) Has Caught The Eye Of Investors

Norbit (OB:NORBT) Will Pay A Larger Dividend Than Last Year At NOK0.70

Apr 02
Norbit (OB:NORBT) Will Pay A Larger Dividend Than Last Year At NOK0.70

Norbit's (OB:NORBT) Shareholders Will Receive A Bigger Dividend Than Last Year

Mar 11
Norbit's (OB:NORBT) Shareholders Will Receive A Bigger Dividend Than Last Year

Norbit (OB:NORBT) Has Announced That It Will Be Increasing Its Dividend To NOK0.70

Feb 18
Norbit (OB:NORBT) Has Announced That It Will Be Increasing Its Dividend To NOK0.70

These 4 Measures Indicate That Norbit (OB:NORBT) Is Using Debt Reasonably Well

Dec 08
These 4 Measures Indicate That Norbit (OB:NORBT) Is Using Debt Reasonably Well

Norbit (OB:NORBT) Is Experiencing Growth In Returns On Capital

Nov 05
Norbit (OB:NORBT) Is Experiencing Growth In Returns On Capital

A Look At The Fair Value Of Norbit ASA (OB:NORBT)

May 11
A Look At The Fair Value Of Norbit ASA (OB:NORBT)

Is It Time To Consider Buying Norbit ASA (OB:NORBT)?

Sep 30
Is It Time To Consider Buying Norbit ASA (OB:NORBT)?

Upgrade: Analysts Just Made A Sizeable Increase To Their Norbit ASA (OB:NORBT) Forecasts

Aug 17
Upgrade: Analysts Just Made A Sizeable Increase To Their Norbit ASA (OB:NORBT) Forecasts

Investors Could Be Concerned With Norbit's (OB:NORBT) Returns On Capital

Aug 14
Investors Could Be Concerned With Norbit's (OB:NORBT) Returns On Capital

Financial Position Analysis

Short Term Liabilities: NORBT's short term assets (NOK832.2M) exceed its short term liabilities (NOK445.9M).

Long Term Liabilities: NORBT's short term assets (NOK832.2M) exceed its long term liabilities (NOK547.5M).

Debt to Equity History and Analysis

Debt Level: NORBT's net debt to equity ratio (33.9%) is considered satisfactory.

Reducing Debt: NORBT's debt to equity ratio has increased from 6.5% to 45% over the past 5 years.

Debt Coverage: NORBT's debt is well covered by operating cash flow (95.8%).

Interest Coverage: NORBT's interest payments on its debt are well covered by EBIT (7.5x coverage).

Balance Sheet

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/22 02:29
End of Day Share Price 2024/12/20 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

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 here.

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 .

Analyst Sources

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

AnalystInstitution
Kenneth SivertsenPareto Securities
Marcus GavelliPareto Securities