Kjetil Ramstad - Solstad Offsho Chief Officer

SOFF Stock  NOK 40.50  2.90  6.68%   

Insider

Kjetil Ramstad is Chief Officer of Solstad Offsho
Phone47 52 85 65 00
Webhttps://www.solstad.com

Solstad Offsho Management Efficiency

The company has return on total asset (ROA) of 0.0113 % which means that it generated a profit of $0.0113 on every $100 spent on assets. This is way below average. Similarly, it shows a return on equity (ROE) of (0.8993) %, meaning that it generated substantial loss on money invested by shareholders. Solstad Offsho's management efficiency ratios could be used to measure how well Solstad Offsho manages its routine affairs as well as how well it operates its assets and liabilities.
Solstad Offsho has accumulated 17.81 B in total debt with debt to equity ratio (D/E) of 872.2, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. Solstad Offsho has a current ratio of 0.1, 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 Solstad Offsho until it has trouble settling it off, either with new capital or with free cash flow. So, Solstad Offsho'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 Solstad Offsho sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Solstad to invest in growth at high rates of return. When we think about Solstad Offsho's use of debt, we should always consider it together with cash and equity.

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Solstad Offshore ASA operates offshore service and construction vessels for renewable energy at sea and offshore petroleum industry worldwide. Solstad Offshore ASA was founded in 1964 and is headquartered in Skudeneshavn, Norway. SOLSTAD OFFSHORE operates under Oil Gas Equipment Services classification in Norway and is traded on Oslo Stock Exchange. It employs 3620 people. Solstad Offsho (SOFF) is traded on Oslo Stock Exchange in Norway and employs 3,600 people.

Management Performance

Solstad Offsho Leadership Team

Elected by the shareholders, the Solstad Offsho's board of directors comprises two types of representatives: Solstad Offsho inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Solstad. The board's role is to monitor Solstad Offsho's management team and ensure that shareholders' interests are well served. Solstad Offsho'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, Solstad Offsho's outside directors are responsible for providing unbiased perspectives on the board's policies.
Jostein Fjelland, Accounting Mang
Kjetil Ramstad, Chief Officer
Jon Gummedal, Ex Aquaculture
Lars Solstad, CEO and Managing Director
Tor Tveit, Chief Officer
Per Stange, HR Director
Hans Skar, Chartering Director
Tor Dale, Operation Director
Olaug Hillesland, Adm Director
Kenneth Lande, Ex AHTSPSV

Solstad 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 Solstad Offsho 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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Other Information on Investing in Solstad Stock

Solstad Offsho financial ratios help investors to determine whether Solstad 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 Solstad with respect to the benefits of owning Solstad Offsho security.