Elkem Balance Sheet Health
Financial Health criteria checks 3/6
Elkem has a total shareholder equity of NOK25.7B and total debt of NOK17.4B, which brings its debt-to-equity ratio to 67.9%. Its total assets and total liabilities are NOK52.4B and NOK26.7B respectively. Elkem's EBIT is NOK832.0M making its interest coverage ratio 1.1. It has cash and short-term investments of NOK6.5B.
Key information
67.9%
Debt to equity ratio
NOK 17.44b
Debt
| Interest coverage ratio | 1.1x |
| Cash | NOK 6.52b |
| Equity | NOK 25.69b |
| Total liabilities | NOK 26.72b |
| Total assets | NOK 52.41b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ELKE.F's short term assets (NOK22.0B) exceed its short term liabilities (NOK10.0B).
Long Term Liabilities: ELKE.F's short term assets (NOK22.0B) exceed its long term liabilities (NOK16.7B).
Debt to Equity History and Analysis
Debt Level: ELKE.F's net debt to equity ratio (42.5%) is considered high.
Reducing Debt: ELKE.F's debt to equity ratio has reduced from 81.6% to 67.9% over the past 5 years.
Debt Coverage: ELKE.F's debt is not well covered by operating cash flow (6.9%).
Interest Coverage: ELKE.F's interest payments on its debt are not well covered by EBIT (1.1x coverage).