AKVA group Balance Sheet Health
Financial Health criteria checks 2/6
AKVA group has a total shareholder equity of NOK1.2B and total debt of NOK1.0B, which brings its debt-to-equity ratio to 86.8%. Its total assets and total liabilities are NOK3.8B and NOK2.6B respectively. AKVA group's EBIT is NOK75.8M making its interest coverage ratio 0.9. It has cash and short-term investments of NOK102.7M.
Key information
86.8%
Debt to equity ratio
NOK 1.01b
Debt
| Interest coverage ratio | 0.9x |
| Cash | NOK 102.68m |
| Equity | NOK 1.16b |
| Total liabilities | NOK 2.60b |
| Total assets | NOK 3.77b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: AKAS.F's short term assets (NOK1.5B) exceed its short term liabilities (NOK1.3B).
Long Term Liabilities: AKAS.F's short term assets (NOK1.5B) exceed its long term liabilities (NOK1.3B).
Debt to Equity History and Analysis
Debt Level: AKAS.F's net debt to equity ratio (78%) is considered high.
Reducing Debt: AKAS.F's debt to equity ratio has increased from 65.9% to 86.8% over the past 5 years.
Debt Coverage: AKAS.F's debt is not well covered by operating cash flow (11.2%).
Interest Coverage: AKAS.F's interest payments on its debt are not well covered by EBIT (0.9x coverage).