Is Subsea 7 financially healthy?
Yes
Subsea 7 holds more cash than debt.
The numbers behind it
Net debt / EBITDANet cash
Cash vs. debtNOK 970M vs. NOK 934M
Current ratio1.1×Short-term assets for each NOK 1 of bills due within a year
Interest coverage9.3×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 Subsea 7
Data as of Nov 13, 2026.