Reach Subsea ASA

OB:REACH Stock Report

Market Cap: NOK 2.1b

Reach Subsea Balance Sheet Health

Financial Health criteria checks 5/6

Reach Subsea has a total shareholder equity of NOK1.1B and total debt of NOK81.7M, which brings its debt-to-equity ratio to 7.5%. Its total assets and total liabilities are NOK3.2B and NOK2.2B respectively. Reach Subsea's EBIT is NOK363.8M making its interest coverage ratio 3.2. It has cash and short-term investments of NOK278.0M.

Key information

7.5%

Debt to equity ratio

NOK 81.69m

Debt

Interest coverage ratio3.2x
CashNOK 278.02m
EquityNOK 1.09b
Total liabilitiesNOK 2.16b
Total assetsNOK 3.25b

Recent financial health updates

Does Reach Subsea (OB:REACH) Have A Healthy Balance Sheet?

Jun 22
Does Reach Subsea (OB:REACH) Have A Healthy Balance Sheet?

Recent updates

Insufficient Growth At Reach Subsea ASA (OB:REACH) Hampers Share Price

Dec 06
Insufficient Growth At Reach Subsea ASA (OB:REACH) Hampers Share Price

Reach Subsea's (OB:REACH) Shareholders May Want To Dig Deeper Than Statutory Profit

Sep 04
Reach Subsea's (OB:REACH) Shareholders May Want To Dig Deeper Than Statutory Profit

Here's Why We Think Reach Subsea (OB:REACH) Might Deserve Your Attention Today

Aug 06
Here's Why We Think Reach Subsea (OB:REACH) Might Deserve Your Attention Today

Subdued Growth No Barrier To Reach Subsea ASA (OB:REACH) With Shares Advancing 26%

Jun 26
Subdued Growth No Barrier To Reach Subsea ASA (OB:REACH) With Shares Advancing 26%

Does Reach Subsea (OB:REACH) Have A Healthy Balance Sheet?

Jun 22
Does Reach Subsea (OB:REACH) Have A Healthy Balance Sheet?

Reach Subsea's (OB:REACH) Shareholders Will Receive A Bigger Dividend Than Last Year

May 30
Reach Subsea's (OB:REACH) Shareholders Will Receive A Bigger Dividend Than Last Year

We Discuss Why The CEO Of Reach Subsea ASA (OB:REACH) Is Due For A Pay Rise

May 24
We Discuss Why The CEO Of Reach Subsea ASA (OB:REACH) Is Due For A Pay Rise

Reach Subsea (OB:REACH) Has Announced That It Will Be Increasing Its Dividend To NOK0.36

Apr 25
Reach Subsea (OB:REACH) Has Announced That It Will Be Increasing Its Dividend To NOK0.36

Reach Subsea's (OB:REACH) Performance Is Even Better Than Its Earnings Suggest

Feb 22
Reach Subsea's (OB:REACH) Performance Is Even Better Than Its Earnings Suggest

Reach Subsea's (OB:REACH) Dividend Will Be Increased To NOK0.36

Feb 17
Reach Subsea's (OB:REACH) Dividend Will Be Increased To NOK0.36

Party Time: One Broker Just Made Major Increases To Their Reach Subsea ASA (OB:REACH) Earnings Forecast

Nov 13
Party Time: One Broker Just Made Major Increases To Their Reach Subsea ASA (OB:REACH) Earnings Forecast

News Flash: Analysts Just Made A Notable Upgrade To Their Reach Subsea ASA (OB:REACH) Forecasts

Aug 27
News Flash: Analysts Just Made A Notable Upgrade To Their Reach Subsea ASA (OB:REACH) Forecasts

Is Now The Time To Put Reach Subsea (OB:REACH) On Your Watchlist?

Aug 25
Is Now The Time To Put Reach Subsea (OB:REACH) On Your Watchlist?

With EPS Growth And More, Reach Subsea (OB:REACH) Is Interesting

Feb 08
With EPS Growth And More, Reach Subsea (OB:REACH) Is Interesting

Financial Position Analysis

Short Term Liabilities: REACH's short term assets (NOK1.0B) do not cover its short term liabilities (NOK1.4B).

Long Term Liabilities: REACH's short term assets (NOK1.0B) exceed its long term liabilities (NOK742.8M).

Debt to Equity History and Analysis

Debt Level: REACH has more cash than its total debt.

Reducing Debt: REACH's debt to equity ratio has reduced from 10.6% to 7.5% over the past 5 years.

Debt Coverage: REACH's debt is well covered by operating cash flow (1019.9%).

Interest Coverage: REACH's interest payments on its debt are well covered by EBIT (3.2x coverage).

Balance Sheet

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/02/23 06:46
End of Day Share Price 2025/02/21 00:00
Earnings2024/12/31
Annual Earnings2024/12/31

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Reach Subsea ASA is covered by 4 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Glenn LoddenDNB Markets
Magnus AndersenFearnley Securities
Martin KorsvoldPareto Securities