Reach Subsea Balance Sheet Health
Financial Health criteria checks 4/6
Reach Subsea has a total shareholder equity of NOK938.0M and total debt of NOK57.2M, which brings its debt-to-equity ratio to 6.1%. Its total assets and total liabilities are NOK3.2B and NOK2.3B respectively. Reach Subsea's EBIT is NOK339.0M making its interest coverage ratio 3.7. It has cash and short-term investments of NOK201.1M.
Key information
6.1%
Debt to equity ratio
kr57.16m
Debt
Interest coverage ratio | 3.7x |
Cash | kr201.09m |
Equity | kr938.02m |
Total liabilities | kr2.25b |
Total assets | kr3.19b |
Recent financial health updates
Recent updates
Reach 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 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 (NOK877.1M) do not cover its short term liabilities (NOK1.1B).
Long Term Liabilities: REACH's short term assets (NOK877.1M) do not cover its long term liabilities (NOK1.1B).
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 79.4% to 6.1% over the past 5 years.
Debt Coverage: REACH's debt is well covered by operating cash flow (1598.9%).
Interest Coverage: REACH's interest payments on its debt are well covered by EBIT (3.7x coverage).