Norse Atlantic Balance Sheet Health
Financial Health criteria checks 0/6
Norse Atlantic has a total shareholder equity of $-178.2M and total debt of $20.5M, which brings its debt-to-equity ratio to -11.5%. Its total assets and total liabilities are $1.1B and $1.3B respectively.
Key information
-11.5%
Debt to equity ratio
US$20.54m
Debt
| Interest coverage ratio | n/a |
| Cash | US$23.67m |
| Equity | -US$178.20m |
| Total liabilities | US$1.30b |
| Total assets | US$1.12b |
Recent financial health updates
Here's Why We're Not At All Concerned With Norse Atlantic's (OB:NORSE) Cash Burn Situation
Jun 08
Norse Atlantic (OB:NORSE) Will Have To Spend Its Cash Wisely
Sep 28Is Norse Atlantic (OB:NORSE) In A Good Position To Deliver On Growth Plans?
Jan 21We're Not Very Worried About Norse Atlantic's (OB:NORSE) Cash Burn Rate
Sep 02Companies Like Norse Atlantic (OB:NORSE) Are In A Position To Invest In Growth
Mar 07Recent updates
Here's Why We're Not At All Concerned With Norse Atlantic's (OB:NORSE) Cash Burn Situation
Jun 08Norse Atlantic (OB:NORSE) Will Have To Spend Its Cash Wisely
Sep 28Is Norse Atlantic (OB:NORSE) In A Good Position To Deliver On Growth Plans?
Jan 21We're Not Very Worried About Norse Atlantic's (OB:NORSE) Cash Burn Rate
Sep 02Companies Like Norse Atlantic (OB:NORSE) Are In A Position To Invest In Growth
Mar 07Financial Position Analysis
Short Term Liabilities: NORSE has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: NORSE has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.
Debt to Equity History and Analysis
Debt Level: NORSE has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: NORSE's has negative shareholder equity, so we do not need to check if its debt has reduced over time.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: NORSE has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: NORSE has less than a year of cash runway if free cash flow continues to grow at historical rates of 24.9% each year.