Asetek Balance Sheet Health
Financial Health criteria checks 4/6
Asetek has a total shareholder equity of $66.1M and total debt of $17.2M, which brings its debt-to-equity ratio to 26%. Its total assets and total liabilities are $102.7M and $36.6M respectively. Asetek's EBIT is $10.3M making its interest coverage ratio -37.1. It has cash and short-term investments of $9.1M.
Key information
26.0%
Debt to equity ratio
US$17.22m
Debt
| Interest coverage ratio | -37.1x |
| Cash | US$9.12m |
| Equity | US$66.13m |
| Total liabilities | US$36.61m |
| Total assets | US$102.74m |
Recent financial health updates
Recent updates
The Returns At Asetek (OB:ASTK) Aren't Growing
Dec 01
Is Asetek (OB:ASTK) Using Too Much Debt?
Aug 23There's Been No Shortage Of Growth Recently For Asetek's (OB:ASTK) Returns On Capital
Feb 14The Trend Of High Returns At Asetek (OB:ASTK) Has Us Very Interested
Aug 23Asetek's (OB:ASTK) Earnings Are Weaker Than They Seem
Apr 28Asetek A/S (OB:ASTK) Is Going Strong But Fundamentals Appear To Be Mixed : Is There A Clear Direction For The Stock?
Feb 16
Do Institutions Own Asetek A/S (OB:ASTK) Shares?
Jan 25Financial Position Analysis
Short Term Liabilities: ASTK's short term assets ($30.8M) do not cover its short term liabilities ($34.0M).
Long Term Liabilities: ASTK's short term assets ($30.8M) exceed its long term liabilities ($2.6M).
Debt to Equity History and Analysis
Debt Level: ASTK's net debt to equity ratio (12.2%) is considered satisfactory.
Reducing Debt: ASTK's debt to equity ratio has increased from 1.9% to 26% over the past 5 years.
Debt Coverage: ASTK's debt is well covered by operating cash flow (94.6%).
Interest Coverage: ASTK earns more interest than it pays, so coverage of interest payments is not a concern.
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/03/27 07:25 |
| End of Day Share Price | 2024/03/27 00:00 |
| Earnings | 2023/12/31 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Asetek A/S is covered by 3 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Per Nordahl | Arctic Securities ASA |
| Havard Nilsson | Carnegie Investment Bank AB |
| Johan Mürer | Danske Bank |