Norwegian Air Shuttle Balance Sheet Health
Financial Health criteria checks 5/6
Norwegian Air Shuttle has a total shareholder equity of NOK7.1B and total debt of NOK4.6B, which brings its debt-to-equity ratio to 64.7%. Its total assets and total liabilities are NOK37.5B and NOK30.4B respectively. Norwegian Air Shuttle's EBIT is NOK2.3B making its interest coverage ratio 4. It has cash and short-term investments of NOK11.5B.
Key information
64.7%
Debt to equity ratio
NOK 4.60b
Debt
| Interest coverage ratio | 4x |
| Cash | NOK 11.46b |
| Equity | NOK 7.11b |
| Total liabilities | NOK 30.40b |
| Total assets | NOK 37.52b |
Recent financial health updates
Does Norwegian Air Shuttle (OB:NAS) Have A Healthy Balance Sheet?
Sep 11
Norwegian Air Shuttle (OB:NAS) Has A Pretty Healthy Balance Sheet
May 30These 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 22Is Norwegian Air Shuttle (OB:NAS) Using Debt In A Risky Way?
Jan 25Is Norwegian Air Shuttle (OB:NAS) A Risky Investment?
Oct 20Recent updates
Returns On Capital Are Showing Encouraging Signs At Norwegian Air Shuttle (OB:NAS)
Dec 03Norwegian Air Shuttle (OB:NAS) Is Posting Promising Earnings But The Good News Doesn’t Stop There
Nov 02An Intrinsic Calculation For Norwegian Air Shuttle ASA (OB:NAS) Suggests It's 50% Undervalued
Oct 24Does Norwegian Air Shuttle (OB:NAS) Have A Healthy Balance Sheet?
Sep 11Is Now An Opportune Moment To Examine Norwegian Air Shuttle ASA (OB:NAS)?
Aug 01Lacklustre Performance Is Driving Norwegian Air Shuttle ASA's (OB:NAS) 28% Price Drop
Jul 05Should You Be Adding Norwegian Air Shuttle (OB:NAS) To Your Watchlist Today?
Jun 21Norwegian Air Shuttle (OB:NAS) Has A Pretty Healthy Balance Sheet
May 30Need 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 28Financial Position Analysis
Short Term Liabilities: NAS's short term assets (NOK16.0B) exceed its short term liabilities (NOK14.3B).
Long Term Liabilities: NAS's short term assets (NOK16.0B) do not cover its long term liabilities (NOK16.1B).
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 537.7% to 64.7% over the past 5 years.
Debt Coverage: NAS's debt is well covered by operating cash flow (162.2%).
Interest Coverage: NAS's interest payments on its debt are well covered by EBIT (4x coverage).