Reach Subsea ASA

Oslo Stock Exchange REACH.OL

Reach Subsea ASA Debt to Equity Ratio for the year ending December 31, 2023: 1.36

Reach Subsea ASA Debt to Equity Ratio is 1.36 for the year ending December 31, 2023, a 500.41% change year over year. Debt to equity ratio represents the financing from debt versus equity. Higher ratio indicates more debt reliance, suggesting potential risk.
  • Reach Subsea ASA Debt to Equity Ratio for the year ending December 31, 2022 was 0.23, a -79.26% change year over year.
  • Reach Subsea ASA Debt to Equity Ratio for the year ending December 31, 2021 was 1.09, a 453.78% change year over year.
  • Reach Subsea ASA Debt to Equity Ratio for the year ending December 31, 2020 was 0.20, a -82.12% change year over year.
  • Reach Subsea ASA Debt to Equity Ratio for the year ending December 31, 2019 was 1.10, a 56.31% change year over year.
Key data
Date Debt to Equity Ratio Debt to Income Ratio Debt to Tangible Net Worth Ratio Dividend Coverage Ratio
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Oslo Stock Exchange: REACH.OL

Reach Subsea ASA

CEO Mr. Jostein Alendal
IPO Date Jan. 24, 2000
Location Norway
Headquarters GarpeskjAerveien 2
Employees 342
Sector Energy
Industries
Description

Reach Subsea ASA provides subsea services worldwide. The company operates in two segments, Oil & Gas and Renewable/Other. It offers inspection, maintenance, and repair services, such as structural inspections, WROV operation, SCM changeout, scale squeeze operations, water injection, ready for operation, subsea equipment maintenance, repair, commissioning, and boulder clearance. The company also provides asset integrity/pipeline inspection services; survey services, including geophysical, geotechnical, UXO, environmental, hydrography, and archaeology; and engineering and project management services. In addition, it offers construction support services comprising vessel, remotely operated vehicles, personnel, survey, and on demand engineering; seabed intervention; boulder clearance; touchdown monitoring; and pre-lay and post- lay survey. Further, the company provides offshore personnel contracting services; geophysical monitoring services, including real-time seismic monitoring, gravitude survey-based 4D gravity, seafloor subsidence monitoring, gravitude depthwatch for seismic nodes, injection integrity monitoring, well drilling, and under control; and environmental monitoring services, such as monitoring CO2 injection and storage, earthquake monitoring and prediction, and geothermal resources assessment and monitoring. It serves oil and gas, renewables, and utilities sectors. The company was formerly known as Transit Invest ASA and changed its name to Reach Subsea ASA in December 2012. Reach Subsea ASA was incorporated in 1909 and is headquartered in Haugesund, Norway.

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StockViz Staff

January 16, 2025

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