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 ratio | 2.3x |
| Cash | NOK 168.62m |
| Equity | NOK 1.30b |
| Total liabilities | NOK 2.72b |
| Total assets | NOK 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
AKVA group (OB:AKVA) Will Be Looking To Turn Around Its Returns
Aug 10We Discuss Why AKVA group ASA's (OB:AKVA) CEO Compensation May Be Closely Reviewed
Apr 26Subdued Growth No Barrier To AKVA group ASA (OB:AKVA) With Shares Advancing 27%
Mar 15Returns On Capital Signal Tricky Times Ahead For AKVA group (OB:AKVA)
Jan 10We Think AKVA group (OB:AKVA) Has A Fair Chunk Of Debt
Oct 03Investors Who Bought AKVA Group (OB:AKVA) Shares Five Years Ago Are Now Up 74%
Dec 21
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).