Norva24 Group Balance Sheet Health
Financial Health criteria checks 5/6
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 NOK288.8M making its interest coverage ratio 3.2. 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 | 3.2x |
| Cash | NOK 318.40m |
| Equity | NOK 2.27b |
| Total liabilities | NOK 2.79b |
| Total assets | NOK 5.05b |
Recent financial health updates
Recent updates
We Think Norva24 Group's (STO:NORVA) Solid Earnings Are Understated
Nov 22
Norva24 Group AB (Publ) Just Missed EPS By 21%: Here's What Analysts Think Will Happen Next
Aug 19Norva24 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 well covered by EBIT (3.2x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/18 08:47 |
| End of Day Share Price | 2024/12/18 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
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.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* 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 here.
Analysis Model and Snowflake
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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 .
Analyst Sources
Norva24 Group AB (Publ) is covered by 8 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Simon Jonsson | Berenberg |
| Jenna Xu | Berenberg |
| Erik Granström | Carnegie Investment Bank AB |