Norva24 Group Balance Sheet Health
Financial Health criteria checks 5/6
Norva24 Group has a total shareholder equity of NOK2.1B and total debt of NOK649.7M, which brings its debt-to-equity ratio to 31.4%. Its total assets and total liabilities are NOK4.2B and NOK2.1B respectively. Norva24 Group's EBIT is NOK294.7M making its interest coverage ratio 4.1. It has cash and short-term investments of NOK267.0M.
Key information
31.4%
Debt to equity ratio
kr649.70m
Debt
| Interest coverage ratio | 4.1x |
| Cash | kr267.00m |
| Equity | kr2.07b |
| Total liabilities | kr2.14b |
| Total assets | kr4.21b |
Recent financial health updates
Recent updates
Here's Why Norva24 Group (STO:NORVA) Can Manage Its Debt Responsibly
Jan 17
Subdued 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 (NOK928.6M) exceed its short term liabilities (NOK807.2M).
Long Term Liabilities: NORVA's short term assets (NOK928.6M) do not cover its long term liabilities (NOK1.3B).
Debt to Equity History and Analysis
Debt Level: NORVA's net debt to equity ratio (18.5%) is considered satisfactory.
Reducing Debt: NORVA's debt to equity ratio has reduced from 221.1% to 31.4% over the past 5 years.
Debt Coverage: NORVA's debt is well covered by operating cash flow (85.3%).
Interest Coverage: NORVA's interest payments on its debt are well covered by EBIT (4.1x coverage).