Grieg Seafood Balance Sheet Health
Financial Health criteria checks 3/6
Grieg Seafood has a total shareholder equity of NOK6.7B and total debt of NOK3.7B, which brings its debt-to-equity ratio to 55.5%. Its total assets and total liabilities are NOK13.7B and NOK7.0B respectively. Grieg Seafood's EBIT is NOK975.3M making its interest coverage ratio 3.8. It has cash and short-term investments of NOK239.6M.
Key information
55.5%
Debt to equity ratio
kr3.70b
Debt
Interest coverage ratio | 3.8x |
Cash | kr239.63m |
Equity | kr6.67b |
Total liabilities | kr6.99b |
Total assets | kr13.66b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: GRGS.F's short term assets (NOK6.0B) exceed its short term liabilities (NOK1.5B).
Long Term Liabilities: GRGS.F's short term assets (NOK6.0B) exceed its long term liabilities (NOK5.5B).
Debt to Equity History and Analysis
Debt Level: GRGS.F's net debt to equity ratio (51.9%) is considered high.
Reducing Debt: GRGS.F's debt to equity ratio has increased from 52.5% to 55.5% over the past 5 years.
Debt Coverage: GRGS.F's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: GRGS.F's interest payments on its debt are well covered by EBIT (3.8x coverage).