Norsk Renewables Balance Sheet Health
Financial Health criteria checks 3/6
Norsk Renewables has a total shareholder equity of NOK18.1M and total debt of NOK94.4M, which brings its debt-to-equity ratio to 521%. Its total assets and total liabilities are NOK133.1M and NOK115.0M respectively.
Key information
521.0%
Debt to equity ratio
kr94.37m
Debt
Interest coverage ratio | n/a |
Cash | kr18.07m |
Equity | kr18.11m |
Total liabilities | kr114.97m |
Total assets | kr133.08m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: NSOL's short term assets (NOK56.2M) do not cover its short term liabilities (NOK70.5M).
Long Term Liabilities: NSOL's short term assets (NOK56.2M) exceed its long term liabilities (NOK44.5M).
Debt to Equity History and Analysis
Debt Level: NSOL's net debt to equity ratio (421.3%) is considered high.
Reducing Debt: NSOL's debt to equity ratio has increased from 0% to 521% over the past 5 years.
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: NSOL has sufficient cash runway for 8 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: NSOL is forecast to have sufficient cash runway for 0 months based on free cash flow estimates, but has since raised additional capital.