Eqva Balance Sheet Health

Financial Health criteria checks 3/6

Eqva has a total shareholder equity of NOK290.4M and total debt of NOK245.5M, which brings its debt-to-equity ratio to 84.5%. Its total assets and total liabilities are NOK667.6M and NOK377.2M respectively. Eqva's EBIT is NOK10.5M making its interest coverage ratio 0.5. It has cash and short-term investments of NOK36.0M.

Key information

84.5%

Debt to equity ratio

kr245.49m

Debt

Interest coverage ratio	0.5x
Cash	kr35.98m
Equity	kr290.42m
Total liabilities	kr377.22m
Total assets	kr667.64m

Recent financial health updates

Recent updates

Eqva (OB:EQVA) Has Debt But No Earnings; Should You Worry?

Nov 15

Revenues Working Against Eqva ASA's (OB:EQVA) Share Price

Oct 06

Eqva (OB:EQVA) Is Making Moderate Use Of Debt

Jul 20

We Think Havyard Group (OB:HYARD) Might Have The DNA Of A Multi-Bagger

May 21

Should You Think About Buying Havyard Group ASA (OB:HYARD) Now?

Nov 28

Havyard Group (OB:HYARD) Knows How To Allocate Capital Effectively

Nov 02

Is Havyard Group (OB:HYARD) A Risky Investment?

Sep 01

Shareholders In Havyard Group (OB:HYARD) Should Look Beyond Earnings For The Full Story

May 06

Havyard Group (OB:HYARD) Shareholders Have Enjoyed A Whopping 490% Share Price Gain

Dec 23

Financial Position Analysis

Short Term Liabilities: EQVA's short term assets (NOK235.8M) exceed its short term liabilities (NOK201.3M).

Long Term Liabilities: EQVA's short term assets (NOK235.8M) exceed its long term liabilities (NOK175.9M).

Debt to Equity History and Analysis

Debt Level: EQVA's net debt to equity ratio (72.1%) is considered high.

Reducing Debt: EQVA's debt to equity ratio has reduced from 297.1% to 84.5% over the past 5 years.

Balance Sheet

Cash Runway Analysis

For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: EQVA has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: EQVA has less than a year of cash runway if free cash flow continues to grow at historical rates of 11.6% each year.

Eqva Balance Sheet Health

Financial Health criteria checks 3/6

Key information

Recent financial health updates

Eqva (OB:EQVA) Has Debt But No Earnings; Should You Worry?

Eqva (OB:EQVA) Is Making Moderate Use Of Debt

Is Havyard Group (OB:HYARD) A Risky Investment?

Havyard Group ASA Auditor Raises 'Going Concern' Doubt

Recent updates

Eqva ASA Announces Chief Executive Officer Changes

Full year 2023 earnings released: kr0.18 loss per share (vs kr0.30 loss in FY 2022)

Director exercised options to buy kr103k worth of stock.

Eqva ASA to Report Fiscal Year 2024 Results on Mar 27, 2025

Eqva ASA to Report Q3, 2024 Results on Nov 14, 2024

Tersan Shipyard Inc acquired Havyard Leirvik Holding AS from Eqva ASA (OB:EQVA) for NOK 30 million

Chairman of the Board recently bought kr67k worth of stock

Third quarter 2023 earnings released: kr0.28 loss per share (vs kr0.17 loss in 3Q 2022)

Tersan Shipyard Inc entered into agreement to acquire Havyard Leirvik Holding AS from Eqva ASA (OB:EQVA) for NOK 30 million.

Eqva (OB:EQVA) Has Debt But No Earnings; Should You Worry?

Revenues Working Against Eqva ASA's (OB:EQVA) Share Price

Eqva ASA Announces Chief Financial Officer Changes

Second quarter 2023 earnings released

New minor risk - Share price stability

Eqva (OB:EQVA) Is Making Moderate Use Of Debt

Eqva ASA, Annual General Meeting, Jun 30, 2023

Eqva ASA Announces Cessation of Eirik Sævareid as CFO

First quarter 2023 earnings released: kr0.012 loss per share (vs kr0.005 loss in 1Q 2022)

Full year 2022 earnings released

Eqva ASA to Report Q3, 2023 Results on Nov 15, 2023

No independent directors

Chairman of the Board recently bought kr11m worth of stock

Investor sentiment improved over the past week

Less than half of directors are independent

First half 2022 earnings released: kr0.01 loss per share (vs kr3.79 profit in 1H 2021)

Insider recently bought kr117k worth of stock

Insider recently bought kr41m worth of stock

Independent Director recently bought kr107k worth of stock

Havyard Group ASA (OB:HYARD) entered into a agreement to acquire 100% stake in HG Group AS and an unknown minority stake in BKS Holding AS for approximately NOK 360 million.

We Think Havyard Group (OB:HYARD) Might Have The DNA Of A Multi-Bagger

Qualitech Staffing acquired an minority stake in HPR Sp. z o.o. from Havyard Group ASA (OB:HYARD).

Havyard Group ASA (OB:HYARD) commences an Equity Buyback Plan, under the authorization approved on May 27, 2021.

Independent Director recently bought kr134k worth of stock

Should You Think About Buying Havyard Group ASA (OB:HYARD) Now?

Third quarter 2021 earnings: Revenues and EPS in line with analyst expectations

Havyard Group (OB:HYARD) Knows How To Allocate Capital Effectively

Is Havyard Group (OB:HYARD) A Risky Investment?

Investor sentiment improved over the past week

Independent Director recently bought kr93k worth of stock

Independent Director recently bought kr93k worth of stock

Independent Director recently bought kr88k worth of stock

Independent Director recently bought kr195k worth of stock

Independent Director recently bought kr195k worth of stock

Investor sentiment improved over the past week

Investor sentiment deteriorated over the past week

Shareholders In Havyard Group (OB:HYARD) Should Look Beyond Earnings For The Full Story

Full year 2020 earnings released: EPS kr3.43 (vs kr19.43 loss in FY 2019)

Havyard Group ASA Announces Executive Changes

New 90-day high: kr33.90

New 90-day high: kr24.00

Havyard Group (OB:HYARD) Shareholders Have Enjoyed A Whopping 490% Share Price Gain

New 90-day high: kr14.50

New 90-day high: kr10.40

New 90-day high: kr2.50

New 90-day low - kr1.86

Havyard Group ASA Auditor Raises 'Going Concern' Doubt

First half earnings released

Financial Position Analysis

Debt to Equity History and Analysis

Balance Sheet

Cash Runway Analysis

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