Atea Balance Sheet Health
Financial Health criteria checks 5/6
Atea has a total shareholder equity of NOK4.2B and total debt of NOK484.0M, which brings its debt-to-equity ratio to 11.5%. Its total assets and total liabilities are NOK16.8B and NOK12.6B respectively. Atea's EBIT is NOK1.3B making its interest coverage ratio 8.3. It has cash and short-term investments of NOK1.1B.
Key information
11.5%
Debt to equity ratio
kr484.00m
Debt
Interest coverage ratio | 8.3x |
Cash | kr1.05b |
Equity | kr4.21b |
Total liabilities | kr12.62b |
Total assets | kr16.84b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ATEAO's short term assets (NOK9.7B) do not cover its short term liabilities (NOK11.2B).
Long Term Liabilities: ATEAO's short term assets (NOK9.7B) exceed its long term liabilities (NOK1.4B).
Debt to Equity History and Analysis
Debt Level: ATEAO has more cash than its total debt.
Reducing Debt: ATEAO's debt to equity ratio has reduced from 34.6% to 11.5% over the past 5 years.
Debt Coverage: ATEAO's debt is well covered by operating cash flow (399%).
Interest Coverage: ATEAO's interest payments on its debt are well covered by EBIT (8.3x coverage).