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).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2022/07/02 19:55 |
| End of Day Share Price | 2022/04/04 00:00 |
| Earnings | 2022/03/31 |
| Annual Earnings | 2021/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Arendals Fossekompani ASA is covered by 1 analysts. of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Bård Rosef | Pareto Securities |