Atea Balance Sheet Health
Financial Health criteria checks 5/6
Atea has a total shareholder equity of NOK4.2B and total debt of NOK593.0M, which brings its debt-to-equity ratio to 14.1%. Its total assets and total liabilities are NOK18.6B and NOK14.4B respectively. Atea's EBIT is NOK1.2B making its interest coverage ratio 6.3. It has cash and short-term investments of NOK1.6B.
Key information
14.1%
Debt to equity ratio
kr593.00m
Debt
Interest coverage ratio | 6.3x |
Cash | kr1.59b |
Equity | kr4.20b |
Total liabilities | kr14.44b |
Total assets | kr18.64b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ATAZ.F's short term assets (NOK11.5B) do not cover its short term liabilities (NOK12.4B).
Long Term Liabilities: ATAZ.F's short term assets (NOK11.5B) exceed its long term liabilities (NOK2.0B).
Debt to Equity History and Analysis
Debt Level: ATAZ.F has more cash than its total debt.
Reducing Debt: ATAZ.F's debt to equity ratio has reduced from 21% to 14.1% over the past 5 years.
Debt Coverage: ATAZ.F's debt is well covered by operating cash flow (316.7%).
Interest Coverage: ATAZ.F's interest payments on its debt are well covered by EBIT (6.3x coverage).