Storebrand Balance Sheet Health
Financial Health criteria checks 1/6
Storebrand has a total shareholder equity of NOK30.7B and total debt of NOK52.1B, which brings its debt-to-equity ratio to 169.7%. Its total assets and total liabilities are NOK1,015.5B and NOK984.8B respectively. Storebrand's EBIT is NOK74.8B making its interest coverage ratio 19. It has cash and short-term investments of NOK11.8B.
Key information
169.7%
Debt to equity ratio
NOK 52.06b
Debt
| Interest coverage ratio | 19x |
| Cash | NOK 11.77b |
| Equity | NOK 30.67b |
| Total liabilities | NOK 984.79b |
| Total assets | NOK 1.02t |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SRED.Y's short term assets (NOK16.1B) do not cover its short term liabilities (NOK85.7B).
Long Term Liabilities: SRED.Y's short term assets (NOK16.1B) do not cover its long term liabilities (NOK899.1B).
Debt to Equity History and Analysis
Debt Level: SRED.Y's net debt to equity ratio (131.4%) is considered high.
Reducing Debt: SRED.Y's debt to equity ratio has increased from 83.7% to 169.7% over the past 5 years.
Debt Coverage: SRED.Y's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: SRED.Y's interest payments on its debt are well covered by EBIT (19x coverage).