Atea Balance Sheet Health
Financial Health criteria checks 5/6
Atea has a total shareholder equity of NOK4.5B and total debt of NOK915.0M, which brings its debt-to-equity ratio to 20.3%. Its total assets and total liabilities are NOK16.1B and NOK11.6B respectively. Atea's EBIT is NOK1.3B making its interest coverage ratio 6.6. It has cash and short-term investments of NOK830.0M.
Key information
20.3%
Debt to equity ratio
kr915.00m
Debt
Interest coverage ratio | 6.6x |
Cash | kr830.00m |
Equity | kr4.51b |
Total liabilities | kr11.61b |
Total assets | kr16.12b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 0JWO's short term assets (NOK8.8B) do not cover its short term liabilities (NOK9.5B).
Long Term Liabilities: 0JWO's short term assets (NOK8.8B) exceed its long term liabilities (NOK2.1B).
Debt to Equity History and Analysis
Debt Level: 0JWO's net debt to equity ratio (1.9%) is considered satisfactory.
Reducing Debt: 0JWO's debt to equity ratio has reduced from 36.6% to 20.3% over the past 5 years.
Debt Coverage: 0JWO's debt is well covered by operating cash flow (84.2%).
Interest Coverage: 0JWO's interest payments on its debt are well covered by EBIT (6.6x coverage).