Reach Subsea Balance Sheet Health
Financial Health criteria checks 4/6
Reach Subsea has a total shareholder equity of NOK928.0M and total debt of NOK30.4M, which brings its debt-to-equity ratio to 3.3%. Its total assets and total liabilities are NOK2.7B and NOK1.8B respectively. Reach Subsea's EBIT is NOK301.9M making its interest coverage ratio 4.1. It has cash and short-term investments of NOK436.4M.
Key information
3.3%
Debt to equity ratio
kr30.44m
Debt
Interest coverage ratio | 4.1x |
Cash | kr436.42m |
Equity | kr928.01m |
Total liabilities | kr1.76b |
Total assets | kr2.69b |
Recent financial health updates
Recent updates
Reach 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 08The Trend Of High Returns At Reach Subsea (OB:REACH) Has Us Very Interested
Jul 20Reach Subsea ASA's (OB:REACH) CEO Looks Due For A Compensation Raise
Jun 04We Discuss Why Reach Subsea ASA's (OB:REACH) CEO May Deserve A Higher Pay Packet
May 19Reach Subsea's (OB:REACH) Strong Earnings Are Of Good Quality
Apr 01Is Reach Subsea (OB:REACH) A Risky Investment?
Feb 24Can Reach Subsea (OB:REACH) Continue To Grow Its Returns On Capital?
Jan 27What We Learned About Reach Subsea's (OB:REACH) CEO Pay
Dec 23Can Mixed Fundamentals Have A Negative Impact on Reach Subsea ASA (OB:REACH) Current Share Price Momentum?
Nov 27Financial Position Analysis
Short Term Liabilities: REACH's short term assets (NOK820.9M) do not cover its short term liabilities (NOK886.0M).
Long Term Liabilities: REACH's short term assets (NOK820.9M) do not cover its long term liabilities (NOK873.9M).
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 13.1% to 3.3% over the past 5 years.
Debt Coverage: REACH's debt is well covered by operating cash flow (3129.8%).
Interest Coverage: REACH's interest payments on its debt are well covered by EBIT (4.1x coverage).