Kjetil Ramstad - Solstad Offshore Chief Officer

SLOFF Stock  USD 3.09  0.00  0.00%   

Insider

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

Solstad Offshore 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 Offshore's management efficiency ratios could be used to measure how well Solstad Offshore manages its routine affairs as well as how well it operates its assets and liabilities.
Solstad Offshore ASA has accumulated 17.52 B in total debt. Solstad Offshore ASA has a current ratio of 0.78, 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 Offshore until it has trouble settling it off, either with new capital or with free cash flow. So, Solstad Offshore'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 Offshore ASA 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 Offshore'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 offshore and renewable energy industry worldwide. The company was founded in 1964 and is headquartered in Skudeneshavn, Norway. Solstad Farstad is traded on OTC Exchange in the United States. Solstad Offshore ASA [SLOFF] is a Pink Sheet which is traded between brokers as part of OTC trading.

Management Performance

Solstad Offshore ASA Leadership Team

Elected by the shareholders, the Solstad Offshore's board of directors comprises two types of representatives: Solstad Offshore 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 Offshore's management team and ensure that shareholders' interests are well served. Solstad Offshore'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 Offshore'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, Managing Director
Tor Tveit, Chief Officer
Per Stange, HR Director
Tor Dale, Operation Director
Hans Skar, Chartering 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 pink sheet is not an easy task. Is Solstad Offshore 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.

Currently Active Assets on Macroaxis

Other Information on Investing in Solstad Pink Sheet

Solstad Offshore financial ratios help investors to determine whether Solstad Pink Sheet 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 Offshore security.