Akastor Balance Sheet Health
Financial Health criteria checks 3/6
Akastor has a total shareholder equity of NOK4.7B and total debt of NOK1.5B, which brings its debt-to-equity ratio to 32.2%. Its total assets and total liabilities are NOK7.0B and NOK2.3B respectively. Akastor's EBIT is NOK562.0M making its interest coverage ratio 80.3. It has cash and short-term investments of NOK98.0M.
Key information
32.2%
Debt to equity ratio
kr1.52b
Debt
| Interest coverage ratio | 80.3x |
| Cash | kr98.00m |
| Equity | kr4.71b |
| Total liabilities | kr2.27b |
| Total assets | kr6.98b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: AKKV.F's short term assets (NOK1.4B) do not cover its short term liabilities (NOK1.7B).
Long Term Liabilities: AKKV.F's short term assets (NOK1.4B) exceed its long term liabilities (NOK588.0M).
Debt to Equity History and Analysis
Debt Level: AKKV.F's net debt to equity ratio (30.1%) is considered satisfactory.
Reducing Debt: AKKV.F's debt to equity ratio has increased from 18.5% to 32.2% over the past 5 years.
Debt Coverage: AKKV.F's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: AKKV.F's interest payments on its debt are well covered by EBIT (80.3x coverage).