Norva24 Group Balance Sheet Health
Financial Health criteria checks 4/6
Norva24 Group has a total shareholder equity of NOK2.3B and total debt of NOK899.2M, which brings its debt-to-equity ratio to 39.7%. Its total assets and total liabilities are NOK5.1B and NOK2.8B respectively. Norva24 Group's EBIT is NOK292.9M making its interest coverage ratio 2.6. It has cash and short-term investments of NOK318.4M.
Key information
39.7%
Debt to equity ratio
NOK 899.20m
Debt
| Interest coverage ratio | 2.6x |
| Cash | NOK 318.40m |
| Equity | NOK 2.27b |
| Total liabilities | NOK 2.79b |
| Total assets | NOK 5.05b |
Recent financial health updates
Recent updates
Norva24 Group AB (Publ) Just Missed EPS By 21%: Here's What Analysts Think Will Happen Next
Aug 19
Norva24 Group AB (Publ) Just Missed EPS By 18%: Here's What Analysts Think Will Happen Next
May 25Here's Why Norva24 Group (STO:NORVA) Can Manage Its Debt Responsibly
Jan 17Subdued Growth No Barrier To Norva24 Group AB (Publ) (STO:NORVA) With Shares Advancing 27%
Jun 14Norva24 Group AB (Publ) Just Missed Earnings - But Analysts Have Updated Their Models
Jun 03We Think You Can Look Beyond Norva24 Group's (STO:NORVA) Lackluster Earnings
Mar 08Financial Position Analysis
Short Term Liabilities: NORVA's short term assets (NOK1.1B) exceed its short term liabilities (NOK966.2M).
Long Term Liabilities: NORVA's short term assets (NOK1.1B) do not cover its long term liabilities (NOK1.8B).
Debt to Equity History and Analysis
Debt Level: NORVA's net debt to equity ratio (25.6%) is considered satisfactory.
Reducing Debt: NORVA's debt to equity ratio has reduced from 204.8% to 39.7% over the past 5 years.
Debt Coverage: NORVA's debt is well covered by operating cash flow (71.3%).
Interest Coverage: NORVA's interest payments on its debt are not well covered by EBIT (2.6x coverage).