AKVA group Balance Sheet Health

Financial Health criteria checks 2/6

AKVA group has a total shareholder equity of NOK1.3B and total debt of NOK1.0B, which brings its debt-to-equity ratio to 80.1%. Its total assets and total liabilities are NOK4.0B and NOK2.7B respectively. AKVA group's EBIT is NOK221.9M making its interest coverage ratio 2.3. It has cash and short-term investments of NOK168.6M.

Key information

80.1%

Debt to equity ratio

NOK 1.04b

Debt

Interest coverage ratio2.3x
CashNOK 168.62m
EquityNOK 1.30b
Total liabilitiesNOK 2.72b
Total assetsNOK 4.02b

Recent financial health updates

Recent updates

Why Investors Shouldn't Be Surprised By AKVA group ASA's (OB:AKVA) 25% Share Price Plunge

Sep 13
Why Investors Shouldn't Be Surprised By AKVA group ASA's (OB:AKVA) 25% Share Price Plunge

AKVA group (OB:AKVA) Will Be Looking To Turn Around Its Returns

Aug 10
AKVA group (OB:AKVA) Will Be Looking To Turn Around Its Returns

We Discuss Why AKVA group ASA's (OB:AKVA) CEO Compensation May Be Closely Reviewed

Apr 26
We Discuss Why AKVA group ASA's (OB:AKVA) CEO Compensation May Be Closely Reviewed

Subdued Growth No Barrier To AKVA group ASA (OB:AKVA) With Shares Advancing 27%

Mar 15
Subdued Growth No Barrier To AKVA group ASA (OB:AKVA) With Shares Advancing 27%

Returns On Capital Signal Tricky Times Ahead For AKVA group (OB:AKVA)

Jan 10
Returns On Capital Signal Tricky Times Ahead For AKVA group (OB:AKVA)

We Think AKVA group (OB:AKVA) Has A Fair Chunk Of Debt

Oct 03
We Think AKVA group (OB:AKVA) Has A Fair Chunk Of Debt

Investors Who Bought AKVA Group (OB:AKVA) Shares Five Years Ago Are Now Up 74%

Dec 21
Investors Who Bought AKVA Group (OB:AKVA) Shares Five Years Ago Are Now Up 74%

Financial Position Analysis

Short Term Liabilities: AKVA's short term assets (NOK1.4B) exceed its short term liabilities (NOK1.2B).

Long Term Liabilities: AKVA's short term assets (NOK1.4B) do not cover its long term liabilities (NOK1.6B).


Debt to Equity History and Analysis

Debt Level: AKVA's net debt to equity ratio (67.1%) is considered high.

Reducing Debt: AKVA's debt to equity ratio has increased from 74.8% to 80.1% over the past 5 years.

Debt Coverage: AKVA's debt is well covered by operating cash flow (32.2%).

Interest Coverage: AKVA's interest payments on its debt are not well covered by EBIT (2.3x coverage).


Balance Sheet


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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/27 08:14
End of Day Share Price 2024/12/27 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

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Industry and Sector Metrics

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Analyst Sources

AKVA group ASA is covered by 6 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Knut LøvstadBeringer Finance AB
Ola TrovatnDNB Markets
Mindaugas CekanaviciusNorne Securities AS