Norwegian Air Shuttle Balance Sheet Health
Financial Health criteria checks 5/6
Norwegian Air Shuttle has a total shareholder equity of NOK5.8B and total debt of NOK3.7B, which brings its debt-to-equity ratio to 64.9%. Its total assets and total liabilities are NOK30.6B and NOK24.8B respectively. Norwegian Air Shuttle's EBIT is NOK2.3B making its interest coverage ratio 5. It has cash and short-term investments of NOK9.5B.
Key information
64.9%
Debt to equity ratio
kr3.75b
Debt
| Interest coverage ratio | 5x |
| Cash | kr9.48b |
| Equity | kr5.77b |
| Total liabilities | kr24.78b |
| Total assets | kr30.55b |
Recent financial health updates
These 4 Measures Indicate That Norwegian Air Shuttle (OB:NAS) Is Using Debt Extensively
Oct 24
Health Check: How Prudently Does Norwegian Air Shuttle (OB:NAS) Use Debt?
May 22Is Norwegian Air Shuttle (OB:NAS) Using Debt In A Risky Way?
Jan 25Is Norwegian Air Shuttle (OB:NAS) A Risky Investment?
Oct 20Is Norwegian Air Shuttle (OB:NAS) A Risky Investment?
Jun 28Is Norwegian Air Shuttle (OB:NAS) A Risky Investment?
Mar 27Recent updates
Need To Know: Analysts Are Much More Bullish On Norwegian Air Shuttle ASA (OB:NAS) Revenues
May 01Is Now The Time To Look At Buying Norwegian Air Shuttle ASA (OB:NAS)?
Mar 11Earnings Not Telling The Story For Norwegian Air Shuttle ASA (OB:NAS) After Shares Rise 25%
Feb 07Here's Why We Think Norwegian Air Shuttle (OB:NAS) Might Deserve Your Attention Today
Jan 28Norwegian Air Shuttle ASA's (OB:NAS) Earnings Are Not Doing Enough For Some Investors
Dec 23Norwegian Air Shuttle's (OB:NAS) Earnings Offer More Than Meets The Eye
Nov 10These 4 Measures Indicate That Norwegian Air Shuttle (OB:NAS) Is Using Debt Extensively
Oct 24Health Check: How Prudently Does Norwegian Air Shuttle (OB:NAS) Use Debt?
May 22Norwegian Air Shuttle ASA's (OB:NAS) Shares Leap 29% Yet They're Still Not Telling The Full Story
Feb 23Is Norwegian Air Shuttle (OB:NAS) Using Debt In A Risky Way?
Jan 25What Does Norwegian Air Shuttle ASA's (OB:NAS) Share Price Indicate?
Dec 13Is Norwegian Air Shuttle (OB:NAS) A Risky Investment?
Oct 20Is It Time To Consider Buying Norwegian Air Shuttle ASA (OB:NAS)?
Sep 06Is Norwegian Air Shuttle (OB:NAS) A Risky Investment?
Jun 28Is Norwegian Air Shuttle (OB:NAS) A Risky Investment?
Mar 27Is Norwegian Air Shuttle (OB:NAS) Weighed On By Its Debt Load?
Oct 31Financial Position Analysis
Short Term Liabilities: NAS's short term assets (NOK13.0B) exceed its short term liabilities (NOK9.0B).
Long Term Liabilities: NAS's short term assets (NOK13.0B) do not cover its long term liabilities (NOK15.8B).
Debt to Equity History and Analysis
Debt Level: NAS has more cash than its total debt.
Reducing Debt: NAS's debt to equity ratio has reduced from 1985.3% to 64.9% over the past 5 years.
Debt Coverage: NAS's debt is well covered by operating cash flow (140.4%).
Interest Coverage: NAS's interest payments on its debt are well covered by EBIT (5x coverage).