Elmera Group Balance Sheet Health
Financial Health criteria checks 4/6
Elmera Group has a total shareholder equity of NOK1.4B and total debt of NOK942.3M, which brings its debt-to-equity ratio to 66.6%. Its total assets and total liabilities are NOK4.9B and NOK3.5B respectively. Elmera Group's EBIT is NOK456.3M making its interest coverage ratio 3.6. It has cash and short-term investments of NOK260.1M.
Key information
66.6%
Debt to equity ratio
NOK 942.32m
Debt
| Interest coverage ratio | 3.6x |
| Cash | NOK 260.08m |
| Equity | NOK 1.41b |
| Total liabilities | NOK 3.53b |
| Total assets | NOK 4.94b |
Recent financial health updates
We Think Elmera Group (OB:ELMRA) Is Taking Some Risk With Its Debt
Jan 27
Is Elmera Group (OB:ELMRA) Using Too Much Debt?
Sep 26Fjordkraft Holding (OB:FKRFT) Has A Pretty Healthy Balance Sheet
Apr 08Recent updates
We Think Elmera Group's (OB:ELMRA) Solid Earnings Are Understated
Aug 23Elmera Group ASA Beat Analyst Estimates: See What The Consensus Is Forecasting For This Year
Aug 17We Think Elmera Group ASA's (OB:ELMRA) CEO Compensation Package Needs To Be Put Under A Microscope
Apr 18We Like The Quality Of Elmera Group's (OB:ELMRA) Earnings
Feb 22We Think Elmera Group (OB:ELMRA) Is Taking Some Risk With Its Debt
Jan 27Investors Appear Satisfied With Elmera Group ASA's (OB:ELMRA) Prospects As Shares Rocket 25%
Dec 23New Forecasts: Here's What Analysts Think The Future Holds For Elmera Group ASA (OB:ELMRA)
Dec 17Time To Worry? Analysts Are Downgrading Their Elmera Group ASA (OB:ELMRA) Outlook
Jan 20Is It Too Late To Consider Buying Elmera Group ASA (OB:ELMRA)?
Dec 24This Just In: Analysts Are Boosting Their Elmera Group ASA (OB:ELMRA) Outlook for Next Year
Nov 05Is Elmera Group (OB:ELMRA) Using Too Much Debt?
Sep 26Is It Time To Consider Buying Elmera Group ASA (OB:ELMRA)?
Sep 05Some Analysts Just Cut Their Elmera Group ASA (OB:ELMRA) Estimates
May 07Fjordkraft Holding (OB:FKRFT) Has A Pretty Healthy Balance Sheet
Apr 08Financial Position Analysis
Short Term Liabilities: ELMRA's short term assets (NOK1.9B) exceed its short term liabilities (NOK1.8B).
Long Term Liabilities: ELMRA's short term assets (NOK1.9B) exceed its long term liabilities (NOK1.7B).
Debt to Equity History and Analysis
Debt Level: ELMRA's net debt to equity ratio (48.2%) is considered high.
Reducing Debt: ELMRA's debt to equity ratio has increased from 17.2% to 66.6% over the past 5 years.
Debt Coverage: ELMRA's debt is well covered by operating cash flow (61.4%).
Interest Coverage: ELMRA's interest payments on its debt are well covered by EBIT (3.6x coverage).