SalMar Balance Sheet Health
Financial Health criteria checks 3/6
SalMar has a total shareholder equity of NOK23.1B and total debt of NOK13.9B, which brings its debt-to-equity ratio to 60.2%. Its total assets and total liabilities are NOK53.3B and NOK30.3B respectively. SalMar's EBIT is NOK9.5B making its interest coverage ratio 8.3. It has cash and short-term investments of NOK785.3M.
Key information
60.2%
Debt to equity ratio
kr13.89b
Debt
Interest coverage ratio | 8.3x |
Cash | kr785.27m |
Equity | kr23.08b |
Total liabilities | kr30.25b |
Total assets | kr53.33b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SALR.Y's short term assets (NOK17.8B) exceed its short term liabilities (NOK9.8B).
Long Term Liabilities: SALR.Y's short term assets (NOK17.8B) do not cover its long term liabilities (NOK20.5B).
Debt to Equity History and Analysis
Debt Level: SALR.Y's net debt to equity ratio (56.8%) is considered high.
Reducing Debt: SALR.Y's debt to equity ratio has increased from 15.6% to 60.2% over the past 5 years.
Debt Coverage: SALR.Y's debt is well covered by operating cash flow (66.9%).
Interest Coverage: SALR.Y's interest payments on its debt are well covered by EBIT (8.3x coverage).