Austevoll Seafood Balance Sheet Health
Financial Health criteria checks 6/6
Austevoll Seafood has a total shareholder equity of NOK27.1B and total debt of NOK11.1B, which brings its debt-to-equity ratio to 41.1%. Its total assets and total liabilities are NOK51.9B and NOK24.9B respectively. Austevoll Seafood's EBIT is NOK2.6B making its interest coverage ratio 6.1. It has cash and short-term investments of NOK5.4B.
Key information
41.1%
Debt to equity ratio
NOK 11.12b
Debt
| Interest coverage ratio | 6.1x |
| Cash | NOK 5.35b |
| Equity | NOK 27.06b |
| Total liabilities | NOK 24.87b |
| Total assets | NOK 51.93b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: AUSSO's short term assets (NOK21.7B) exceed its short term liabilities (NOK7.6B).
Long Term Liabilities: AUSSO's short term assets (NOK21.7B) exceed its long term liabilities (NOK17.3B).
Debt to Equity History and Analysis
Debt Level: AUSSO's net debt to equity ratio (21.3%) is considered satisfactory.
Reducing Debt: AUSSO's debt to equity ratio has reduced from 44.7% to 41.1% over the past 5 years.
Debt Coverage: AUSSO's debt is well covered by operating cash flow (32.4%).
Interest Coverage: AUSSO's interest payments on its debt are well covered by EBIT (6.1x coverage).