Is Elkem financially healthy?
Not really
Elkem earns only 2.0 times its interest bill, which leaves little room.
The numbers behind it
Net debt / EBITDA2.4 years
Cash vs. debtNOK 2.7B vs. NOK 12.0B
Current ratio2.7×Short-term assets for each NOK 1 of bills due within a year
Interest coverage2.0×How many times operating profit covers the interest bill
How we decide
We measure debt in years of earnings (net debt / EBITDA): under 1 is very comfortable, 1 to 3 is manageable, above 3 is heavy. A company that earns less than 3 times its interest bill also counts as weak.
More questions about Elkem
Data as of Nov 13, 2026.