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

63.9%

Debt to equity ratio

kr1.07b

Debt

Interest coverage ratio1.2x
Cashkr691.33m
Equitykr1.68b
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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