Reach Subsea Balance Sheet Health
Financial Health criteria checks 5/6
Reach Subsea has a total shareholder equity of NOK1.3B and total debt of NOK113.8M, which brings its debt-to-equity ratio to 8.8%. Its total assets and total liabilities are NOK3.2B and NOK2.0B respectively. Reach Subsea's EBIT is NOK403.2M making its interest coverage ratio 3.4. It has cash and short-term investments of NOK326.8M.
Key information
8.81%
Debt to equity ratio
NOK 113.76m
Debt
| Interest coverage ratio | 3.4x |
| Cash | NOK 326.77m |
| Equity | NOK 1.29b |
| Total liabilities | NOK 1.95b |
| Total assets | NOK 3.25b |
Recent financial health updates
Recent updates
This Is The Reason Why We Think Reach Subsea ASA's (OB:REACH) CEO Deserves A Bump Up To Their Compensation
May 22
Reach Subsea's (OB:REACH) Shareholders Will Receive A Bigger Dividend Than Last Year
May 20Reach Subsea's (OB:REACH) Conservative Accounting Might Explain Soft Earnings
May 07Reach Subsea (OB:REACH) Will Pay A Larger Dividend Than Last Year At NOK0.42
May 06Reach Subsea (OB:REACH) Will Pay A Larger Dividend Than Last Year At NOK0.42
Apr 10Not Many Are Piling Into Reach Subsea ASA (OB:REACH) Just Yet
Mar 20Reach Subsea (OB:REACH) Is Increasing Its Dividend To NOK0.42
Feb 28
Scaling Of Remote Fleet And Horizon Platform Will Drive Future Organic Growth And Global Market Expansion
Successful sea trials and deployment plans for new technologies position Reach Subsea for potential revenue growth and improved efficiency in the global market.Insufficient Growth At Reach Subsea ASA (OB:REACH) Hampers Share Price
Dec 06Reach Subsea's (OB:REACH) Shareholders May Want To Dig Deeper Than Statutory Profit
Sep 04Here's Why We Think Reach Subsea (OB:REACH) Might Deserve Your Attention Today
Aug 06Subdued Growth No Barrier To Reach Subsea ASA (OB:REACH) With Shares Advancing 26%
Jun 26Does Reach Subsea (OB:REACH) Have A Healthy Balance Sheet?
Jun 22Reach Subsea's (OB:REACH) Shareholders Will Receive A Bigger Dividend Than Last Year
May 30We Discuss Why The CEO Of Reach Subsea ASA (OB:REACH) Is Due For A Pay Rise
May 24Reach Subsea (OB:REACH) Has Announced That It Will Be Increasing Its Dividend To NOK0.36
Apr 25Reach Subsea's (OB:REACH) Performance Is Even Better Than Its Earnings Suggest
Feb 22Reach Subsea's (OB:REACH) Dividend Will Be Increased To NOK0.36
Feb 17Party Time: One Broker Just Made Major Increases To Their Reach Subsea ASA (OB:REACH) Earnings Forecast
Nov 13News Flash: Analysts Just Made A Notable Upgrade To Their Reach Subsea ASA (OB:REACH) Forecasts
Aug 27Is Now The Time To Put Reach Subsea (OB:REACH) On Your Watchlist?
Aug 25With EPS Growth And More, Reach Subsea (OB:REACH) Is Interesting
Feb 08Financial Position Analysis
Short Term Liabilities: REACH's short term assets (NOK1.1B) do not cover its short term liabilities (NOK1.3B).
Long Term Liabilities: REACH's short term assets (NOK1.1B) exceed its long term liabilities (NOK680.1M).
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 20.2% to 8.8% over the past 5 years.
Debt Coverage: REACH's debt is well covered by operating cash flow (1012.6%).
Interest Coverage: REACH's interest payments on its debt are well covered by EBIT (3.4x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/05/23 15:25 |
| End of Day Share Price | 2025/05/23 00:00 |
| Earnings | 2025/03/31 |
| Annual Earnings | 2024/12/31 |
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.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* 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
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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.
| Analyst | Institution |
|---|---|
| Glenn Lodden | DNB Markets |
| Magnus Andersen | Fearnley Securities |
| Martin Korsvold | Pareto Securities |