Austevoll Seafood Balance Sheet Health
Financial Health criteria checks 5/6
Austevoll Seafood has a total shareholder equity of NOK27.7B and total debt of NOK11.1B, which brings its debt-to-equity ratio to 40%. Its total assets and total liabilities are NOK52.6B and NOK24.9B respectively. Austevoll Seafood's EBIT is NOK3.5B making its interest coverage ratio 6.7. It has cash and short-term investments of NOK5.8B.
Key information
40.0%
Debt to equity ratio
NOK 11.08b
Debt
| Interest coverage ratio | 6.7x |
| Cash | NOK 5.81b |
| Equity | NOK 27.70b |
| Total liabilities | NOK 24.90b |
| Total assets | NOK 52.59b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: Z85's short term assets (NOK22.4B) exceed its short term liabilities (NOK8.3B).
Long Term Liabilities: Z85's short term assets (NOK22.4B) exceed its long term liabilities (NOK16.6B).
Debt to Equity History and Analysis
Debt Level: Z85's net debt to equity ratio (19%) is considered satisfactory.
Reducing Debt: Z85's debt to equity ratio has increased from 39.3% to 40% over the past 5 years.
Debt Coverage: Z85's debt is well covered by operating cash flow (36.5%).
Interest Coverage: Z85's interest payments on its debt are well covered by EBIT (6.7x coverage).