Lerøy Seafood Group Balance Sheet Health
Financial Health criteria checks 5/6
Lerøy Seafood Group has a total shareholder equity of NOK19.9B and total debt of NOK8.4B, which brings its debt-to-equity ratio to 42%. Its total assets and total liabilities are NOK41.4B and NOK21.5B respectively. Lerøy Seafood Group's EBIT is NOK3.3B making its interest coverage ratio 7.8. It has cash and short-term investments of NOK4.3B.
Key information
42.0%
Debt to equity ratio
kr8.37b
Debt
Interest coverage ratio | 7.8x |
Cash | kr4.32b |
Equity | kr19.90b |
Total liabilities | kr21.50b |
Total assets | kr41.40b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: LYSF.Y's short term assets (NOK20.1B) exceed its short term liabilities (NOK7.6B).
Long Term Liabilities: LYSF.Y's short term assets (NOK20.1B) exceed its long term liabilities (NOK13.9B).
Debt to Equity History and Analysis
Debt Level: LYSF.Y's net debt to equity ratio (20.3%) is considered satisfactory.
Reducing Debt: LYSF.Y's debt to equity ratio has increased from 27.4% to 42% over the past 5 years.
Debt Coverage: LYSF.Y's debt is well covered by operating cash flow (39.9%).
Interest Coverage: LYSF.Y's interest payments on its debt are well covered by EBIT (7.8x coverage).