Gjensidige Forsikring Balance Sheet Health
Financial Health criteria checks 4/6
Gjensidige Forsikring has a total shareholder equity of NOK22.9B and total debt of NOK3.4B, which brings its debt-to-equity ratio to 15%. Its total assets and total liabilities are NOK160.6B and NOK137.7B respectively. Gjensidige Forsikring's EBIT is NOK6.2B making its interest coverage ratio 10.3. It has cash and short-term investments of NOK71.0B.
Key information
15.0%
Debt to equity ratio
NOK 3.43b
Debt
| Interest coverage ratio | 10.3x |
| Cash | NOK 71.02b |
| Equity | NOK 22.92b |
| Total liabilities | NOK 137.66b |
| Total assets | NOK 160.58b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: GJNS.F's short term assets (NOK80.0B) exceed its short term liabilities (NOK1.0B).
Long Term Liabilities: GJNS.F's short term assets (NOK80.0B) do not cover its long term liabilities (NOK136.6B).
Debt to Equity History and Analysis
Debt Level: GJNS.F has more cash than its total debt.
Reducing Debt: GJNS.F's debt to equity ratio has increased from 11.5% to 15% over the past 5 years.
Debt Coverage: GJNS.F's debt is well covered by operating cash flow (87.8%).
Interest Coverage: GJNS.F's interest payments on its debt are well covered by EBIT (10.3x coverage).