Solstad Offshore Balance Sheet Health
Financial Health criteria checks 3/6
Solstad Offshore has a total shareholder equity of NOK1.7B and total debt of NOK1.1B, which brings its debt-to-equity ratio to 63.9%. Its total assets and total liabilities are NOK7.8B and NOK6.1B respectively. Solstad Offshore's EBIT is NOK1.5B making its interest coverage ratio 1.2. It has cash and short-term investments of NOK691.3M.
Key information
63.9%
Debt to equity ratio
NOK 1.07b
Debt
| Interest coverage ratio | 1.2x |
| Cash | NOK 691.33m |
| Equity | NOK 1.68b |
| Total liabilities | NOK 6.14b |
| Total assets | NOK 7.81b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SLOF.F's short term assets (NOK1.3B) do not cover its short term liabilities (NOK1.4B).
Long Term Liabilities: SLOF.F's short term assets (NOK1.3B) do not cover its long term liabilities (NOK4.7B).
Debt to Equity History and Analysis
Debt Level: SLOF.F's net debt to equity ratio (22.7%) is considered satisfactory.
Reducing Debt: SLOF.F had negative shareholder equity 5 years ago, but is now positive and has therefore improved.
Debt Coverage: SLOF.F's debt is well covered by operating cash flow (214.4%).
Interest Coverage: SLOF.F's interest payments on its debt are not well covered by EBIT (1.2x coverage).