Solstad Offshore ASA

OTCPK:SLOF.F Stock Report

Market Cap: US$339.7m

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


Debt to equity ratio



Interest coverage ratio1.2x
Total liabilitieskr6.14b
Total assetskr7.81b

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).

Balance Sheet

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