Asetek A/S

OB:ASTK Stock Report

Market Cap: NOK 615.3m

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
CashUS$9.12m
EquityUS$66.13m
Total liabilitiesUS$36.61m
Total assetsUS$102.74m

Recent financial health updates

Is Asetek (OB:ASTK) Using Too Much Debt?

Aug 23
Is Asetek (OB:ASTK) Using Too Much Debt?

Recent updates

The Returns At Asetek (OB:ASTK) Aren't Growing

Dec 01
The Returns At Asetek (OB:ASTK) Aren't Growing

Is Asetek (OB:ASTK) Using Too Much Debt?

Aug 23
Is Asetek (OB:ASTK) Using Too Much Debt?

There's Been No Shortage Of Growth Recently For Asetek's (OB:ASTK) Returns On Capital

Feb 14
There's Been No Shortage Of Growth Recently For Asetek's (OB:ASTK) Returns On Capital

The Trend Of High Returns At Asetek (OB:ASTK) Has Us Very Interested

Aug 23
The Trend Of High Returns At Asetek (OB:ASTK) Has Us Very Interested

Asetek's (OB:ASTK) Earnings Are Weaker Than They Seem

Apr 28
Asetek's (OB:ASTK) Earnings Are Weaker Than They Seem

Asetek A/S (OB:ASTK) Is Going Strong But Fundamentals Appear To Be Mixed : Is There A Clear Direction For The Stock?

Feb 16
Asetek A/S (OB:ASTK) Is Going Strong But Fundamentals Appear To Be Mixed : Is There A Clear Direction For The Stock?

Do Institutions Own Asetek A/S (OB:ASTK) Shares?

Jan 25
Do Institutions Own Asetek A/S (OB:ASTK) Shares?

Introducing Asetek (OB:ASTK), The Stock That Soared 475% In The Last Five Years

Jan 05
Introducing Asetek (OB:ASTK), The Stock That Soared 475% In The Last Five Years

Financial 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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