Atea Balance Sheet Health
Financial Health criteria checks 5/6
Atea has a total shareholder equity of NOK4.5B and total debt of NOK915.0M, which brings its debt-to-equity ratio to 20.3%. Its total assets and total liabilities are NOK16.1B and NOK11.6B respectively. Atea's EBIT is NOK1.3B making its interest coverage ratio 6.6. It has cash and short-term investments of NOK830.0M.
Key information
20.3%
Debt to equity ratio
kr915.00m
Debt
Interest coverage ratio | 6.6x |
Cash | kr830.00m |
Equity | kr4.51b |
Total liabilities | kr11.61b |
Total assets | kr16.12b |
Recent financial health updates
Recent updates
Atea's (OB:ATEA) Dividend Will Be NOK3.50
May 24Shareholders May Be More Conservative With Atea ASA's (OB:ATEA) CEO Compensation For Now
Apr 19Atea (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 06Atea ASA's (OB:ATEA) Stock Is Rallying But Financials Look Ambiguous: Will The Momentum Continue?
Jan 24Financial Position Analysis
Short Term Liabilities: ATEA's short term assets (NOK8.8B) do not cover its short term liabilities (NOK9.5B).
Long Term Liabilities: ATEA's short term assets (NOK8.8B) exceed its long term liabilities (NOK2.1B).
Debt to Equity History and Analysis
Debt Level: ATEA's net debt to equity ratio (1.9%) is considered satisfactory.
Reducing Debt: ATEA's debt to equity ratio has reduced from 36.6% to 20.3% over the past 5 years.
Debt Coverage: ATEA's debt is well covered by operating cash flow (84.2%).
Interest Coverage: ATEA's interest payments on its debt are well covered by EBIT (6.6x coverage).