AKVA group Balance Sheet Health
Financial Health criteria checks 3/6
AKVA group has a total shareholder equity of NOK1.2B and total debt of NOK926.4M, which brings its debt-to-equity ratio to 80.4%. Its total assets and total liabilities are NOK3.7B and NOK2.5B respectively. AKVA group's EBIT is NOK66.3M making its interest coverage ratio 0.8. It has cash and short-term investments of NOK219.4M.
Key information
80.4%
Debt to equity ratio
kr926.44m
Debt
| Interest coverage ratio | 0.8x |
| Cash | kr219.39m |
| Equity | kr1.15b |
| Total liabilities | kr2.53b |
| Total assets | kr3.68b |
Recent financial health updates
Recent updates
We Discuss Why AKVA group ASA's (OB:AKVA) CEO Compensation May Be Closely Reviewed
Apr 26
Subdued 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 (NOK1.5B) exceed its short term liabilities (NOK1.2B).
Long Term Liabilities: AKVA's short term assets (NOK1.5B) exceed its long term liabilities (NOK1.4B).
Debt to Equity History and Analysis
Debt Level: AKVA's net debt to equity ratio (61.3%) is considered high.
Reducing Debt: AKVA's debt to equity ratio has increased from 33.9% to 80.4% over the past 5 years.
Debt Coverage: AKVA's debt is well covered by operating cash flow (27.9%).
Interest Coverage: AKVA's interest payments on its debt are not well covered by EBIT (0.8x coverage).