Rune Lande - Reach Subsea Chairman

REACH Stock  NOK 9.18  0.28  3.15%   

Chairman

Rune Lande is Secretary of the Board and Chairman of Nomination Committee of Reach Subsea since 2014.
Age 63
Tenure 10 years
Phone47 40 00 77 10
Webhttps://www.reachsubsea.no

Reach Subsea Management Efficiency

The company has return on total asset (ROA) of 0.0673 % which means that it generated a profit of $0.0673 on every $100 spent on assets. This is way below average. Similarly, it shows a return on equity (ROE) of 0.2004 %, meaning that it generated $0.2004 on every $100 dollars invested by stockholders. Reach Subsea's management efficiency ratios could be used to measure how well Reach Subsea manages its routine affairs as well as how well it operates its assets and liabilities.
Reach Subsea has accumulated 119.67 M in total debt with debt to equity ratio (D/E) of 149.3, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. Reach Subsea has a current ratio of 0.73, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist Reach Subsea until it has trouble settling it off, either with new capital or with free cash flow. So, Reach Subsea'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 Reach Subsea sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Reach to invest in growth at high rates of return. When we think about Reach Subsea's use of debt, we should always consider it together with cash and equity.
The company offers inspection, maintenance, and repair services and remotely operated vehicles, survey, and construction services. Reach Subsea ASA was founded in 2008 and is based in Haugesund, Norway. REACH SUBSEA operates under Engineering And Technical Services classification in Norway and is traded on Oslo Stock Exchange. It employs 119 people. Reach Subsea (REACH) is traded on Oslo Stock Exchange in Norway and employs 128 people.

Management Performance

Reach Subsea Leadership Team

Elected by the shareholders, the Reach Subsea's board of directors comprises two types of representatives: Reach Subsea inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Reach. The board's role is to monitor Reach Subsea's management team and ensure that shareholders' interests are well served. Reach Subsea'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, Reach Subsea's outside directors are responsible for providing unbiased perspectives on the board's policies.
Inge Grutle, Engineering Manager
Bard Hogheim, Sales and Marketing Manager
Jostein Alendal, CEO MD
Solveig Byrkjeland, VP Sec
Sven Storesund, Technical Manager
Birgitte Johansen, CFO Mang
yvind Johannessen, Head Side
Rune Lande, Secretary of the Board and Chairman of Nomination Committee

Reach Stock Performance Indicators

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Other Information on Investing in Reach Stock

Reach Subsea financial ratios help investors to determine whether Reach Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Reach with respect to the benefits of owning Reach Subsea security.