Akastor Balance Sheet Health
Financial Health criteria checks 6/6
Akastor has a total shareholder equity of NOK5.6B and total debt of NOK361.0M, which brings its debt-to-equity ratio to 6.5%. Its total assets and total liabilities are NOK6.4B and NOK817.0M respectively. Akastor's EBIT is NOK610.0M making its interest coverage ratio -26.5. It has cash and short-term investments of NOK440.0M.
Key information
6.5%
Debt to equity ratio
NOK 361.00m
Debt
| Interest coverage ratio | -26.5x |
| Cash | NOK 440.00m |
| Equity | NOK 5.58b |
| Total liabilities | NOK 817.00m |
| Total assets | NOK 6.40b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: KY7's short term assets (NOK795.0M) exceed its short term liabilities (NOK272.0M).
Long Term Liabilities: KY7's short term assets (NOK795.0M) exceed its long term liabilities (NOK545.0M).
Debt to Equity History and Analysis
Debt Level: KY7 has more cash than its total debt.
Reducing Debt: KY7's debt to equity ratio has reduced from 45.7% to 6.5% over the past 5 years.
Debt Coverage: KY7's debt is well covered by operating cash flow (480.6%).
Interest Coverage: KY7 earns more interest than it pays, so coverage of interest payments is not a concern.