Akastor Balance Sheet Health
Financial Health criteria checks 6/6
Akastor has a total shareholder equity of NOK5.6B and total debt of NOK361.0M, which brings its debt-to-equity ratio to 6.5%. Its total assets and total liabilities are NOK6.4B and NOK817.0M respectively. Akastor's EBIT is NOK610.0M making its interest coverage ratio -26.5. It has cash and short-term investments of NOK440.0M.
Key information
6.5%
Debt to equity ratio
NOK 361.00m
Debt
| Interest coverage ratio | -26.5x |
| Cash | NOK 440.00m |
| Equity | NOK 5.58b |
| Total liabilities | NOK 817.00m |
| Total assets | NOK 6.40b |
Recent financial health updates
Akastor (OB:AKAST) Has A Somewhat Strained Balance Sheet
Jul 02
Is Akastor (OB:AKAST) Using Too Much Debt?
Jan 14Is Akastor (OB:AKAST) Using Debt Sensibly?
Sep 15Is Akastor (OB:AKAST) A Risky Investment?
Jun 04Akastor (OB:AKAST) Has Debt But No Earnings; Should You Worry?
Jan 17Here's Why Akastor (OB:AKAST) Can Manage Its Debt Responsibly
Feb 12
Recent updates
Akastor (OB:AKAST) Is Posting Healthy Earnings, But It Is Not All Good News
Jul 18Akastor ASA's (OB:AKAST) Shares Climb 26% But Its Business Is Yet to Catch Up
May 01We Think Some Shareholders May Hesitate To Increase Akastor ASA's (OB:AKAST) CEO Compensation
Apr 10Akastor's (OB:AKAST) Returns On Capital Are Heading Higher
Dec 12Akastor (OB:AKAST) Has A Somewhat Strained Balance Sheet
Jul 02News Flash: One Akastor ASA (OB:AKAST) Analyst Has Been Trimming Their Revenue Forecasts
May 13Akastor ASA (OB:AKAST) Just Reported Yearly Earnings And Analysts Are Lifting Their Estimates
Feb 19Is Akastor (OB:AKAST) Using Too Much Debt?
Jan 14Is Akastor (OB:AKAST) Using Debt Sensibly?
Sep 15Is Akastor (OB:AKAST) A Risky Investment?
Jun 04Akastor (OB:AKAST) Has Debt But No Earnings; Should You Worry?
Jan 17It's Unlikely That The CEO Of Akastor ASA (OB:AKAST) Will See A Huge Pay Rise This Year
Apr 08Akastor's (OB:AKAST) Shareholders Are Down 56% On Their Shares
Mar 10Here's Why Akastor (OB:AKAST) Can Manage Its Debt Responsibly
Feb 12Have Insiders Been Buying Akastor ASA (OB:AKAST) Shares?
Jan 17What Type Of Shareholders Make Up Akastor ASA's (OB:AKAST) Share Registry?
Dec 21A Look At Akastor's (OB:AKA) Share Price Returns
Nov 30Financial Position Analysis
Short Term Liabilities: AKAST's short term assets (NOK795.0M) exceed its short term liabilities (NOK272.0M).
Long Term Liabilities: AKAST's short term assets (NOK795.0M) exceed its long term liabilities (NOK545.0M).
Debt to Equity History and Analysis
Debt Level: AKAST has more cash than its total debt.
Reducing Debt: AKAST's debt to equity ratio has reduced from 45.7% to 6.5% over the past 5 years.
Debt Coverage: AKAST's debt is well covered by operating cash flow (480.6%).
Interest Coverage: AKAST earns more interest than it pays, so coverage of interest payments is not a concern.