Aker BioMarine Balance Sheet Health
Financial Health criteria checks 4/6
Aker BioMarine has a total shareholder equity of $354.7M and total debt of $395.3M, which brings its debt-to-equity ratio to 111.4%. Its total assets and total liabilities are $813.5M and $458.8M respectively. Aker BioMarine's EBIT is $9.6M making its interest coverage ratio 0.3. It has cash and short-term investments of $32.0M.
Key information
111.4%
Debt to equity ratio
US$395.30m
Debt
| Interest coverage ratio | 0.3x |
| Cash | US$32.00m |
| Equity | US$354.70m |
| Total liabilities | US$458.80m |
| Total assets | US$813.50m |
Recent financial health updates
Recent updates
These 4 Measures Indicate That Aker BioMarine (OB:AKBM) Is Using Debt In A Risky Way
Jun 03
There's No Escaping Aker BioMarine AS' (OB:AKBM) Muted Revenues
Feb 15There Are Reasons To Feel Uneasy About Aker BioMarine's (OB:AKBM) Returns On Capital
Nov 06Estimating The Fair Value Of Aker BioMarine AS (OB:AKBM)
Sep 06We Think You Should Be Aware Of Some Concerning Factors In Aker BioMarine's (OB:AKBM) Earnings
Nov 04Aker BioMarine AS' (OB:AKBM) Has Found A Path To Profitability
Apr 13Aker BioMarine AS (OB:AKBM) Consensus Forecasts Have Become A Little Darker Since Its Latest Report
Feb 18Loss-Making Aker BioMarine AS (OB:AKBM) Set To Breakeven
Jan 07Financial Position Analysis
Short Term Liabilities: AKBM's short term assets ($288.6M) exceed its short term liabilities ($113.5M).
Long Term Liabilities: AKBM's short term assets ($288.6M) do not cover its long term liabilities ($345.3M).
Debt to Equity History and Analysis
Debt Level: AKBM's net debt to equity ratio (102.4%) is considered high.
Reducing Debt: AKBM's debt to equity ratio has reduced from 149.5% to 111.4% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable AKBM has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: AKBM is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 24.9% per year.