Arendals Fossekompani Balance Sheet Health
Financial Health criteria checks 3/6
Arendals Fossekompani has a total shareholder equity of NOK2.8B and total debt of NOK2.8B, which brings its debt-to-equity ratio to 99%. Its total assets and total liabilities are NOK8.2B and NOK5.4B respectively. Arendals Fossekompani's EBIT is NOK141.2M making its interest coverage ratio 0.8. It has cash and short-term investments of NOK1.8B.
Key information
99.0%
Debt to equity ratio
NOK 2.77b
Debt
Interest coverage ratio | 0.8x |
Cash | NOK 1.77b |
Equity | NOK 2.80b |
Total liabilities | NOK 5.44b |
Total assets | NOK 8.24b |
Recent financial health updates
Arendals Fossekompani (OB:AFK) Has A Somewhat Strained Balance Sheet
Aug 06We Think Arendals Fossekompani (OB:AFK) Can Stay On Top Of Its Debt
Jan 18We Think Arendals Fossekompani (OB:AFK) Can Stay On Top Of Its Debt
Jul 11We Think Arendals Fossekompani (OB:AFK) Can Stay On Top Of Its Debt
Mar 21Is Arendals Fossekompani (OB:AFK) A Risky Investment?
Dec 18Does Arendals Fossekompani (OB:AFK) Have A Healthy Balance Sheet?
Jul 22Recent updates
Arendals Fossekompani's (OB:AFK) Dividend Will Be NOK1.00
Aug 27Arendals Fossekompani (OB:AFK) Has A Somewhat Strained Balance Sheet
Aug 06Returns On Capital At Arendals Fossekompani (OB:AFK) Have Stalled
Mar 16Additional Considerations Required While Assessing Arendals Fossekompani's (OB:AFK) Strong Earnings
Feb 17We Think Arendals Fossekompani (OB:AFK) Can Stay On Top Of Its Debt
Jan 18We Think Arendals Fossekompani (OB:AFK) Can Stay On Top Of Its Debt
Jul 11We Think Arendals Fossekompani (OB:AFK) Can Stay On Top Of Its Debt
Mar 21Is Arendals Fossekompani (OB:AFK) A Risky Investment?
Dec 18Do Arendals Fossekompani's (OB:AFK) Earnings Warrant Your Attention?
Aug 21Does Arendals Fossekompani (OB:AFK) Have A Healthy Balance Sheet?
Jul 22Here's Why Arendals Fossekompani (OB:AFK) Can Manage Its Debt Responsibly
Dec 13Here's Why Arendals Fossekompani (OB:AFK) Can Manage Its Debt Responsibly
Aug 28We Think Arendals Fossekompani (OB:AFK) Can Stay On Top Of Its Debt
May 20The Arendals Fossekompani (OB:AFK) Share Price Has Gained 143%, So Why Not Pay It Some Attention?
Mar 12Arendals Fossekompani (OB:AFK) Seems To Use Debt Quite Sensibly
Feb 14Financial Position Analysis
Short Term Liabilities: AFK's short term assets (NOK4.4B) exceed its short term liabilities (NOK2.7B).
Long Term Liabilities: AFK's short term assets (NOK4.4B) exceed its long term liabilities (NOK2.8B).
Debt to Equity History and Analysis
Debt Level: AFK's net debt to equity ratio (35.9%) is considered satisfactory.
Reducing Debt: AFK's debt to equity ratio has increased from 34.3% to 99% over the past 5 years.
Debt Coverage: AFK's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: AFK's interest payments on its debt are not well covered by EBIT (0.8x coverage).