Nordic Financials ASA

OB:NOFIN Stock Report

Market Cap: NOK 50.6m

Nordic Financials Balance Sheet Health

Financial Health criteria checks 2/6

Nordic Financials has a total shareholder equity of NOK-1.9M and total debt of NOK2.0M, which brings its debt-to-equity ratio to -105.4%. Its total assets and total liabilities are NOK5.2M and NOK7.1M respectively.

Key information

-105.37%

Debt to equity ratio

NOK 2.00m

Debt

Interest coverage ration/a
CashNOK 160.00k
Equity-NOK 1.90m
Total liabilitiesNOK 7.09m
Total assetsNOK 5.19m

Recent financial health updates

Recent updates

Is Aega (OB:AEGA) Weighed On By Its Debt Load?

Aug 13
Is Aega (OB:AEGA) Weighed On By Its Debt Load?

Is Aega (OB:AEGA) Using Debt Sensibly?

Apr 13
Is Aega (OB:AEGA) Using Debt Sensibly?

Is Aega (OB:AEGA) Using Debt Sensibly?

Oct 26
Is Aega (OB:AEGA) Using Debt Sensibly?

Is Aega (OB:AEGA) Weighed On By Its Debt Load?

Jul 13
Is Aega (OB:AEGA) Weighed On By Its Debt Load?

Is Aega (OB:AEGA) A Risky Investment?

Jun 10
Is Aega (OB:AEGA) A Risky Investment?

Does Aega (OB:AEGA) Have A Healthy Balance Sheet?

Sep 07
Does Aega (OB:AEGA) Have A Healthy Balance Sheet?

Does Aega (OB:AEGA) Have A Healthy Balance Sheet?

Apr 28
Does Aega (OB:AEGA) Have A Healthy Balance Sheet?

Should You Take Comfort From Insider Transactions At Aega ASA (OB:AEGA)?

Feb 28
Should You Take Comfort From Insider Transactions At Aega ASA (OB:AEGA)?

Is Aega (OB:AEGA) Using Debt In A Risky Way?

Jan 07
Is Aega (OB:AEGA) Using Debt In A Risky Way?

Financial Position Analysis

Short Term Liabilities: NOFIN has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.

Long Term Liabilities: NOFIN 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: NOFIN has negative shareholder equity, which is a more serious situation than a high debt level.

Reducing Debt: NOFIN'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: Whilst unprofitable NOFIN has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: NOFIN is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 24% per year.


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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/07/31 22:43
End of Day Share Price 2025/07/31 00:00
Earnings2025/03/31
Annual Earnings2024/12/31

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.

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 Github.

Analyst Sources

Nordic Financials ASA is covered by 1 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Leonas BauzysNorne Securities AS