Hexagon Composites Balance Sheet Health
Financial Health criteria checks 3/6
Hexagon Composites has a total shareholder equity of NOK3.2B and total debt of NOK1.1B, which brings its debt-to-equity ratio to 34.5%. Its total assets and total liabilities are NOK6.4B and NOK3.2B respectively. Hexagon Composites's EBIT is NOK221.2M making its interest coverage ratio 1.3. It has cash and short-term investments of NOK144.5M.
Key information
34.5%
Debt to equity ratio
kr1.11b
Debt
Interest coverage ratio | 1.3x |
Cash | kr144.55m |
Equity | kr3.21b |
Total liabilities | kr3.21b |
Total assets | kr6.43b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: HXGC.F's short term assets (NOK2.0B) do not cover its short term liabilities (NOK2.7B).
Long Term Liabilities: HXGC.F's short term assets (NOK2.0B) exceed its long term liabilities (NOK528.5M).
Debt to Equity History and Analysis
Debt Level: HXGC.F's net debt to equity ratio (30%) is considered satisfactory.
Reducing Debt: HXGC.F's debt to equity ratio has increased from 33.5% to 34.5% over the past 5 years.
Debt Coverage: HXGC.F's debt is well covered by operating cash flow (34.6%).
Interest Coverage: HXGC.F's interest payments on its debt are not well covered by EBIT (1.3x coverage).