AKVA group Balance Sheet Health
Financial Health criteria checks 5/6
AKVA group has a total shareholder equity of NOK1.3B and total debt of NOK754.8M, which brings its debt-to-equity ratio to 57.9%. Its total assets and total liabilities are NOK3.6B and NOK2.3B respectively. AKVA group's EBIT is NOK140.6M making its interest coverage ratio 3.6. It has cash and short-term investments of NOK260.6M.
Key information
57.9%
Debt to equity ratio
kr754.81m
Debt
| Interest coverage ratio | 3.6x |
| Cash | kr260.55m |
| Equity | kr1.30b |
| Total liabilities | kr2.28b |
| Total assets | kr3.58b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 0DIP's short term assets (NOK1.6B) exceed its short term liabilities (NOK1.3B).
Long Term Liabilities: 0DIP's short term assets (NOK1.6B) exceed its long term liabilities (NOK929.6M).
Debt to Equity History and Analysis
Debt Level: 0DIP's net debt to equity ratio (37.9%) is considered satisfactory.
Reducing Debt: 0DIP's debt to equity ratio has reduced from 98.8% to 57.9% over the past 5 years.
Debt Coverage: 0DIP's debt is not well covered by operating cash flow (15.7%).
Interest Coverage: 0DIP's interest payments on its debt are well covered by EBIT (3.6x coverage).