Tore Langballe - Akastor ASA Head Relations

AKAST Stock  NOK 13.20  0.14  1.05%   

Insider

Tore Langballe is Head Relations of Akastor ASA
Phone47 21 52 58 00
Webhttps://www.akastor.com

Akastor ASA Management Efficiency

Akastor ASA's management efficiency ratios could be used to measure how well Akastor ASA manages its routine affairs as well as how well it operates its assets and liabilities.
Akastor ASA has accumulated 1.44 B in total debt with debt to equity ratio (D/E) of 0.63, which is about average as compared to similar companies. Akastor ASA has a current ratio of 1.4, which is within standard range for the sector. Debt can assist Akastor ASA until it has trouble settling it off, either with new capital or with free cash flow. So, Akastor ASA's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Akastor ASA sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Akastor to invest in growth at high rates of return. When we think about Akastor ASA's use of debt, we should always consider it together with cash and equity.

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Akastor ASA operates as an oilfield services investment company in Norway, Germany, the United States, Brazil, Asia, rest of Europe, the Middle East, and internationally. Akastor ASA was founded in 1841 and is based in Brum, Norway. AKASTOR ASA operates under Oil Gas Equipment Services classification in Norway and is traded on Oslo Stock Exchange. It employs 1988 people. Akastor ASA (AKAST) is traded on Oslo Stock Exchange in Norway and employs 415 people.

Management Performance

Akastor ASA Leadership Team

Elected by the shareholders, the Akastor ASA's board of directors comprises two types of representatives: Akastor ASA inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Akastor. The board's role is to monitor Akastor ASA's management team and ensure that shareholders' interests are well served. Akastor ASA's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Akastor ASA's outside directors are responsible for providing unbiased perspectives on the board's policies.
Sander Seeberg, Head Tax
Bruce Lethuillier, Head Treasury
Paal Johnsen, Ex Director
Christian Starberg, Financial Controller
Tore Langballe, Head Relations
Oyvind Paaske, Chief Officer
Karl Kjelstad, Chief Officer
Eirik Thomassen, G Counsel
Jing Taklo, Head Reporting
Kent LianeUnsgaard, Head Compliance

Akastor Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is Akastor ASA a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.

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