Akastor Balance Sheet Health
Financial Health criteria checks 6/6
Akastor has a total shareholder equity of NOK5.6B and total debt of NOK361.0M, which brings its debt-to-equity ratio to 6.5%. Its total assets and total liabilities are NOK6.4B and NOK817.0M respectively. Akastor's EBIT is NOK610.0M making its interest coverage ratio -26.5. It has cash and short-term investments of NOK440.0M.
Key information
6.5%
Debt to equity ratio
NOK 361.00m
Debt
| Interest coverage ratio | -26.5x |
| Cash | NOK 440.00m |
| Equity | NOK 5.58b |
| Total liabilities | NOK 817.00m |
| Total assets | NOK 6.40b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: AKKV.F's short term assets (NOK795.0M) exceed its short term liabilities (NOK272.0M).
Long Term Liabilities: AKKV.F's short term assets (NOK795.0M) exceed its long term liabilities (NOK545.0M).
Debt to Equity History and Analysis
Debt Level: AKKV.F has more cash than its total debt.
Reducing Debt: AKKV.F's debt to equity ratio has reduced from 45.7% to 6.5% over the past 5 years.
Debt Coverage: AKKV.F's debt is well covered by operating cash flow (480.6%).
Interest Coverage: AKKV.F 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 | 2024/12/23 08:40 |
| End of Day Share Price | 2024/12/19 00:00 |
| Earnings | 2024/09/30 |
| 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 |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| 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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Learn about the world class team who designed and built the Simply Wall St analysis model.
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
Akastor ASA is covered by 32 analysts. 2 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 |
|---|---|
| Maarten Bakker | ABN AMRO Bank N.V. |
| Thijs Berkelder | ABN AMRO Bank N.V. |
| Kjetil Garstad | Arctic Securities ASA |