Arendals Fossekompani Balance Sheet Health
Financial Health criteria checks 6/6
Arendals Fossekompani has a total shareholder equity of NOK3.9B and total debt of NOK909.0M, which brings its debt-to-equity ratio to 23.6%. Its total assets and total liabilities are NOK7.0B and NOK3.1B respectively. Arendals Fossekompani's EBIT is NOK531.8M making its interest coverage ratio 11.2. It has cash and short-term investments of NOK3.0B.
Key information
23.6%
Debt to equity ratio
NOK 909.00m
Debt
| Interest coverage ratio | 11.2x |
| Cash | NOK 2.98b |
| Equity | NOK 3.85b |
| Total liabilities | NOK 3.10b |
| Total assets | NOK 6.95b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: AFKO's short term assets (NOK4.6B) exceed its short term liabilities (NOK2.1B).
Long Term Liabilities: AFKO's short term assets (NOK4.6B) exceed its long term liabilities (NOK1.0B).
Debt to Equity History and Analysis
Debt Level: AFKO has more cash than its total debt.
Reducing Debt: AFKO's debt to equity ratio has reduced from 75.2% to 23.6% over the past 5 years.
Debt Coverage: AFKO's debt is well covered by operating cash flow (116.4%).
Interest Coverage: AFKO's interest payments on its debt are well covered by EBIT (11.2x coverage).