Atea Balance Sheet Health
Financial Health criteria checks 5/6
Atea has a total shareholder equity of NOK4.2B and total debt of NOK593.0M, which brings its debt-to-equity ratio to 14.1%. Its total assets and total liabilities are NOK18.6B and NOK14.4B respectively. Atea's EBIT is NOK1.2B making its interest coverage ratio 6.3. It has cash and short-term investments of NOK1.6B.
Key information
14.1%
Debt to equity ratio
kr593.00m
Debt
| Interest coverage ratio | 6.3x |
| Cash | kr1.59b |
| Equity | kr4.20b |
| Total liabilities | kr14.44b |
| Total assets | kr18.64b |
Recent financial health updates
Here's Why Atea (OB:ATEA) Can Manage Its Debt Responsibly
Aug 09
These 4 Measures Indicate That Atea (OB:ATEA) Is Using Debt Reasonably Well
Dec 31Recent updates
Atea (OB:ATEA) Is Aiming To Keep Up Its Impressive Returns
Mar 13There's Reason For Concern Over Atea ASA's (OB:ATEA) Price
Dec 21Here's What Atea's (OB:ATEA) Strong Returns On Capital Mean
Oct 19Is It Time To Consider Buying Atea ASA (OB:ATEA)?
Aug 24Here's Why Atea (OB:ATEA) Can Manage Its Debt Responsibly
Aug 09Many Would Be Envious Of Atea's (OB:ATEA) Excellent Returns On Capital
Jul 19Calculating The Fair Value Of Atea ASA (OB:ATEA)
Jun 07Is Now An Opportune Moment To Examine Atea ASA (OB:ATEA)?
May 16Broker Revenue Forecasts For Atea ASA (OB:ATEA) Are Surging Higher
May 04Here's Why Atea (OB:ATEA) Has Caught The Eye Of Investors
Apr 22Industry Analysts Just Made A Meaningful Upgrade To Their Atea ASA (OB:ATEA) Revenue Forecasts
Feb 04We Think Atea's (OB:ATEA) Statutory Profit Might Understate Its Earnings Potential
Feb 06
Atea ASA's (OB:ATEA) Stock Is Rallying But Financials Look Ambiguous: Will The Momentum Continue?
Jan 24Will the Promising Trends At Atea (OB:ATEA) Continue?
Jan 11These 4 Measures Indicate That Atea (OB:ATEA) Is Using Debt Reasonably Well
Dec 31Atea ASA's (OB:ATEA) Intrinsic Value Is Potentially 24% Below Its Share Price
Dec 20Financial Position Analysis
Short Term Liabilities: ATEA's short term assets (NOK11.5B) do not cover its short term liabilities (NOK12.4B).
Long Term Liabilities: ATEA's short term assets (NOK11.5B) exceed its long term liabilities (NOK2.0B).
Debt to Equity History and Analysis
Debt Level: ATEA has more cash than its total debt.
Reducing Debt: ATEA's debt to equity ratio has reduced from 21% to 14.1% over the past 5 years.
Debt Coverage: ATEA's debt is well covered by operating cash flow (316.7%).
Interest Coverage: ATEA's interest payments on its debt are well covered by EBIT (6.3x coverage).