Cash flow Avance Gas Holding Ltd

Equities

AGAS

BMG067231032

Investment Holding Companies

Market Closed - Oslo Bors Other stock markets 15:45:00 08/07/2025 BST			5-day change	1st Jan Change
1.000 ^NOK	+9.47%		-9.09%	-98.78%

06-25	Avance Gas Set to Delist from Oslo Bourse	MT
06-23	Avance Gas Holding Ltd(OB:AGAS) dropped from S&P Global BMI Index	CI

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Published financial data: AVANCE GAS HOLDING LTD

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2020	2021	2022	2023	2024
Revenues	206M	211M	255M	352M	291M
Total Revenues	206M	211M	255M	352M	291M
Cost of Goods Sold, Total	107M	110M	112M	119M	113M
Gross Profit	99.06M	101M	142M	233M	178M
Selling General & Admin Expenses, Total	3.87M	6.47M	6.67M	6.9M	13.24M
Depreciation & Amortization - (IS)	41.7M	47.21M	45.02M	43.93M	25.12M
Other Operating Expenses, Total	45.58M	53.68M	51.69M	50.83M	38.37M
Operating Income	53.48M	47.22M	90.6M	183M	140M
Interest Expense, Total	-22.21M	-16.21M	-20.62M	-24.6M	-30.74M
Interest And Investment Income	26K	1.86M	1.69M	5.18M	15.52M
Net Interest Expenses	-22.19M	-14.35M	-18.93M	-19.42M	-15.22M
Currency Exchange Gains (Loss)	223K	136K	-302K	60K	-252K
Other Non Operating Income (Expenses)	-91K	-401K	-737K	579K	7.35M
EBT, Excl. Unusual Items	31.43M	32.61M	70.63M	164M	132M
Impairment of Goodwill	-	-	-	-	-
Gain (Loss) On Sale Of Investments	-	-	-	-	-96.72M
Gain (Loss) On Sale Of Assets	5.83M	-	18.65M	-	408M
Asset Writedown	33.73M	-	-	-	-
EBT, Incl. Unusual Items	70.99M	32.61M	89.28M	164M	443M
Income Tax Expense	85K	498K	285K	258K	182K
Earnings From Continuing Operations	70.91M	32.11M	88.99M	164M	443M
Net Income to Company	70.91M	32.11M	88.99M	164M	443M
Net Income - (IS)	70.91M	32.11M	88.99M	164M	443M
Net Income to Common Incl Extra Items	70.91M	32.11M	88.99M	164M	443M
Net Income to Common Excl. Extra Items	70.91M	32.11M	88.99M	164M	443M
Per Share Items
Net EPS - Basic	1.11	0.44	1.16	2.14	5.78
Basic EPS - Continuing Operations	1.11	0.44	1.16	2.14	5.78
Basic Weighted Average Shares Outstanding	63.69M	73.13M	76.59M	76.59M	76.59M
Net EPS - Diluted	1.11	0.44	1.16	2.12	5.76
Diluted EPS - Continuing Operations	1.11	0.44	1.16	2.12	5.76
Diluted Weighted Average Shares Outstanding	63.83M	73.22M	76.9M	77.04M	76.95M
Normalized Basic EPS	0.31	0.28	0.58	1.34	1.07
Normalized Diluted EPS	0.31	0.28	0.57	1.33	1.07
Dividend Per Share	0.11	0.26	1.1	2.15	8.01
Payout Ratio	26.95	71.87	55.94	93.65	115.14
Supplemental Items
EBITDA	91.26M	85.53M	129M	221M	162M
EBITA	53.48M	47.22M	90.6M	183M	140M
EBIT	53.48M	47.22M	90.6M	183M	140M
Effective Tax Rate - (Ratio)	0.12	1.53	0.32	0.16	0.04
Current Foreign Taxes	85K	498K	285K	258K	182K
Total Current Taxes	85K	498K	285K	258K	182K
Normalized Net Income	19.64M	20.38M	44.14M	102M	82.23M
Interest Capitalized	393K	2.72M	2.59M	1.24M	877K
Interest on Long-Term Debt	22.6M	19.31M	23.22M	25.83M	31.62M
Supplemental Operating Expense Items
General and Administrative Expenses	3.87M	6.47M	6.67M	6.9M	13.24M
Maintenance & Repair Expenses, Total	3.83M	2.21M	1.27M	1.57M	1.59M
Stock-Based Comp., G&A Exp. (Total)	-165K	290K	-298K	211K	7.72M
Total Stock-Based Compensation	-165K	290K	-298K	211K	7.72M

Fiscal Period: December	2020	2021	2022	2023	2024
Assets
Cash And Equivalents	75.88M	102M	224M	132M	176M
Short Term Investments	-	-	-	-	215M
Trading Asset Securities, Total	-	-	-	4.95M	-
Total Cash And Short Term Investments	75.88M	102M	224M	136M	391M
Accounts Receivable, Total	16.29M	21.1M	12.23M	42.4M	7.14M
Other Receivables	164K	135K	2K	563K	680K
Total Receivables	16.46M	21.23M	12.23M	42.96M	7.82M
Inventory	4.36M	7.93M	4.98M	9.78M	-
Prepaid Expenses	45K	6.94M	7.46M	14.21M	600K
Other Current Assets, Total	7.51M	5.94M	13.63M	50.35M	57.74M
Total Current Assets	104M	144M	263M	254M	457M
Gross Property Plant And Equipment	1.09B	1.15B	1.1B	1.21B	-
Accumulated Depreciation	-298M	-345M	-298M	-312M	-
Net Property Plant And Equipment	793M	809M	799M	896M	-
Long-term Investments	-	2.24M	-	3.65M	-
Goodwill	-	-	-	-	-
Other Intangibles, Total	-	-	-	-	-
Other Long-Term Assets, Total	-	-	5.87M	-	-
Total Assets	897M	955M	1.07B	1.15B	457M
Liabilities
Accounts Payable, Total	2.85M	7.48M	4.31M	4.43M	228K
Accrued Expenses, Total	3.77M	7.49M	5.74M	10.99M	3.04M
Short-term Borrowings	-	-	-	-	-
Current Portion of Long-Term Debt	46.97M	43.51M	30.52M	36.23M	-
Current Portion of Leases	2.25M	6.76M	6.76M	33.62M	-
Other Current Liabilities	56K	457K	2.37M	10.08M	172K
Total Current Liabilities	55.9M	65.69M	49.7M	95.36M	3.44M
Long-Term Debt	347M	275M	345M	420M	-
Long-Term Leases	42.12M	75.66M	68.89M	34.4M	-
Total Liabilities	445M	416M	464M	550M	3.44M
Common Stock, Total	64.53M	77.43M	77.43M	77.43M	774K
Additional Paid In Capital	475M	526M	526M	526M	527M
Retained Earnings	-53.86M	-44.82M	-5.62M	4.77M	-62.3M
Treasury Stock	-11.35M	-11.35M	-11.35M	-11.35M	-11.35M
Comprehensive Income and Other	-21.38M	-8.52M	17.33M	6.6M	36K
Total Common Equity	453M	539M	604M	604M	454M
Total Equity	453M	539M	604M	604M	454M
Total Liabilities And Equity	897M	955M	1.07B	1.15B	457M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	63.69M	76.59M	76.59M	76.59M	76.59M
ECS Total Common Shares Outstanding	63.69M	76.59M	76.59M	76.59M	76.59M
Book Value / Share	7.11	7.04	7.88	7.88	5.93
Tangible Book Value	453M	539M	604M	604M	454M
Tangible Book Value Per Share	7.11	7.04	7.88	7.88	5.93
Total Debt	438M	401M	452M	524M	0
Net Debt	362M	299M	227M	388M	-391M
Account Code - Inventory Valuation	5	5	5	5	3
Machinery, Total	1.06B	1.06B	1.01B	1.12B	-
Full Time Employees	7	-	-	-	-
Accumulated Allowance for Doubtful Accounts (Supple)	131K	353K	504K	257K	85K

Fiscal Period: December	2020	2021	2022	2023	2024
Net Income	70.91M	32.11M	88.99M	164M	443M
Depreciation & Amortization - CF	37.78M	38.31M	38.34M	37.93M	21.97M
Depreciation & Amortization, Total	37.78M	38.31M	38.34M	37.93M	21.97M
Amortization of Deferred Charges, Total - (CF)	5.54M	10.14M	10.32M	7.07M	10.99M
(Gain) Loss From Sale Of Asset	-5.83M	-	-18.65M	-	-408M
(Gain) Loss on Sale of Investments - (CF)	-	-	-	-	96.72M
Asset Writedown & Restructuring Costs	-33.73M	-	-	-	-
Stock-Based Compensation (CF)	-165K	-669K	-298K	211K	7.72M
Other Operating Activities, Total	-481K	-2.37M	-1.96M	-2.93M	-24.48M
Change In Accounts Receivable	9.78M	-4.8M	9M	-30.73M	35.15M
Change In Accounts Payable	-11.38M	5.03M	-3.17M	125K	-4.35M
Change in Other Net Operating Assets	6.55M	-5.15M	-389K	-9.92M	25.23M
Cash from Operations	78.95M	72.6M	122M	165M	204M
Capital Expenditure	-66.22M	-60.18M	-155M	-177M	-134M
Sale of Property, Plant, and Equipment	34.26M	-	142M	-	955M
Other Investing Activities, Total	-	-	-	-	-
Cash from Investing	-31.96M	-60.18M	-13.58M	-177M	821M
Short Term Debt Issued, Total	-	-	-	-	-
Long-Term Debt Issued, Total	59.47M	41.65M	429M	115M	178M
Total Debt Issued	59.47M	41.65M	429M	115M	178M
Long-Term Debt Repaid, Total	-97.34M	-67.78M	-365M	-43.15M	-582M
Total Debt Repaid	-97.34M	-67.78M	-365M	-43.15M	-582M
Issuance of Common Stock	-	64.41M	-	-	-
Repurchase of Common Stock	-	-	-	-	-75.83M
Common Dividends Paid	-19.11M	-23.08M	-49.79M	-153M	-510M
Common & Preferred Stock Dividends Paid	-19.11M	-23.08M	-49.79M	-153M	-510M
Other Financing Activities, Total	-	-1.71M	-145K	928K	10.82M
Cash from Financing	-56.98M	13.5M	14.23M	-80.41M	-979M
Foreign Exchange Rate Adjustments	-40K	110K	-509K	-205K	-883K
Miscellaneous Cash Flow Adjustments	-	-	-	-	-
Net Change in Cash	-10.03M	26.03M	122M	-92.73M	44.51M
Supplemental Items
Cash Interest Paid	20.93M	17.6M	19.06M	24M	26.21M
Levered Free Cash Flow	1.39M	3.01M	-62.25M	-105M	3.55M
Unlevered Free Cash Flow	13.66M	11.9M	-53M	-91.09M	14.93M
Change In Net Working Capital	-4.92M	4.93M	-754K	71.92M	-29.08M
Net Debt Issued / Repaid	-37.87M	-26.13M	64.16M	71.85M	-404M

Fiscal Period: December	2020	2021	2022	2023	2024
Profitability
Return on Assets	3.72	3.19	5.6	10.28	10.84
Return on Total Capital	3.79	3.22	5.68	10.45	11.04
Return On Equity %	16.42	6.48	15.57	27.09	83.77
Return on Common Equity	16.42	6.48	15.57	27.09	83.77
Margin Analysis
Gross Profit Margin %	48.15	47.89	55.9	66.26	61.16
SG&A Margin	1.88	3.07	2.62	1.96	4.55
EBITDA Margin %	44.36	40.6	50.66	62.6	55.52
EBITA Margin %	26	22.41	35.59	51.83	47.98
EBIT Margin %	26	22.41	35.59	51.83	47.98
Income From Continuing Operations Margin %	34.47	15.24	34.96	46.43	152.16
Net Income Margin %	34.47	15.24	34.96	46.43	152.16
Net Avail. For Common Margin %	34.47	15.24	34.96	46.43	152.16
Normalized Net Income Margin	9.55	9.67	17.34	29.06	28.24
Levered Free Cash Flow Margin	0.68	1.43	-24.46	-29.91	1.22
Unlevered Free Cash Flow Margin	6.64	5.65	-20.82	-25.85	5.13
Asset Turnover
Asset Turnover	0.23	0.23	0.25	0.32	0.36
Fixed Assets Turnover	0.26	0.26	0.32	0.42	-
Receivables Turnover (Average Receivables)	9.78	11.27	15.28	12.9	11.76
Inventory Turnover (Average Inventory)	15.64	17.86	17.39	16.11	-
Short Term Liquidity
Current Ratio	1.87	2.19	5.28	2.66	133.15
Quick Ratio	1.65	1.87	4.76	1.88	116.16
Operating Cash Flow to Current Liabilities	1.41	1.11	2.46	1.73	59.29
Days Sales Outstanding (Average Receivables)	37.41	32.39	23.89	28.3	31.13
Days Outstanding Inventory (Average Inventory)	23.41	20.43	20.99	22.65	-
Average Days Payable Outstanding	30.74	16.63	19.68	12.9	-
Cash Conversion Cycle (Average Days)	30.08	36.19	25.2	38.05	-
Long Term Solvency
Total Debt/Equity	96.78	74.34	74.76	86.83	-
Total Debt / Total Capital	49.18	42.64	42.78	46.48	-
LT Debt/Equity	85.9	65.01	68.59	75.26	-
Long-Term Debt / Total Capital	43.65	37.29	39.25	40.28	-
Total Liabilities / Total Assets	49.56	43.57	43.45	47.66	0.75
EBIT / Interest Expense	2.41	2.91	4.39	7.42	4.54
EBITDA / Interest Expense	4.11	5.28	6.25	8.97	5.26
(EBITDA - Capex) / Interest Expense	1.13	1.56	-1.27	1.75	0.89
Total Debt / EBITDA	4.8	4.69	3.5	2.38	-
Net Debt / EBITDA	3.97	3.49	1.76	1.76	-2.42
Total Debt / (EBITDA - Capex)	17.49	15.81	-17.26	12.16	-
Net Debt / (EBITDA - Capex)	14.46	11.79	-8.69	9	-14.3
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-17.85	2.41	20.82	38.41	-17.35
Gross Profit, 1 Yr. Growth %	-25.38	1.85	41.03	64.07	-23.72
EBITDA, 1 Yr. Growth %	-26.23	-6.28	50.76	71.05	-26.7
EBITA, 1 Yr. Growth %	-37.36	-11.71	91.87	101.56	-23.5
EBIT, 1 Yr. Growth %	-37.36	-11.71	91.87	101.56	-23.5
Earnings From Cont. Operations, 1 Yr. Growth %	26.73	-54.72	177.16	83.81	170.84
Net Income, 1 Yr. Growth %	26.73	-54.72	177.16	83.81	170.84
Normalized Net Income, 1 Yr. Growth %	-43.87	3.75	116.61	131.97	-19.69
Diluted EPS Before Extra, 1 Yr. Growth %	26.36	-60.44	164.2	82.76	171.7
Accounts Receivable, 1 Yr. Growth %	-36.77	29.49	-42.04	246.77	-83.17
Inventory, 1 Yr. Growth %	-53.06	82.03	-37.27	96.46	-
Net Property, Plant and Equip., 1 Yr. Growth %	3.94	2.04	-1.2	12.1	-
Total Assets, 1 Yr. Growth %	-0.2	6.48	11.77	8.03	-60.35
Tangible Book Value, 1 Yr. Growth %	10.08	19.13	12.01	-0.02	-24.82
Common Equity, 1 Yr. Growth %	10.08	19.13	12.01	-0.02	-24.82
Cash From Operations, 1 Yr. Growth %	-5.4	-8.05	68.32	35.31	23.18
Capital Expenditures, 1 Yr. Growth %	651.16	-9.13	157.73	14.41	-24.31
Levered Free Cash Flow, 1 Yr. Growth %	-97.67	116.57	-2.17K	87.32	-103.42
Unlevered Free Cash Flow, 1 Yr. Growth %	-81.94	-12.88	-545.25	93.75	-116.72
Dividend Per Share, 1 Yr. Growth %	-63.33	136.36	323.08	95.45	272.56
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	25.82	-8.28	11.24	29.32	6.95
Gross Profit, 2 Yr. CAGR %	81.92	-12.82	19.85	52.11	11.87
EBITDA, 2 Yr. CAGR %	99.95	-16.85	18.87	60.58	11.98
EBITA, 2 Yr. CAGR %	84.54	-25.63	30.15	96.66	24.18
EBIT, 2 Yr. CAGR %	84.54	-25.63	30.15	96.66	24.18
Earnings From Cont. Operations, 2 Yr. CAGR %	28.09	-24.25	12.03	125.71	123.12
Net Income, 2 Yr. CAGR %	28.09	-24.25	12.03	125.71	123.12
Normalized Net Income, 2 Yr. CAGR %	-14.67	-23.69	49.91	124.15	36.49
Diluted EPS Before Extra, 2 Yr. CAGR %	27.76	-29.3	2.23	119.74	122.83
Accounts Receivable, 2 Yr. CAGR %	8.88	-9.51	-13.37	41.76	-23.6
Inventory, 2 Yr. CAGR %	-12.96	-7.56	6.86	11.01	-
Net Property, Plant and Equip., 2 Yr. CAGR %	-0.15	2.99	0.41	5.24	-
Total Assets, 2 Yr. CAGR %	1.51	3.09	9.1	9.88	-34.56
Tangible Book Value, 2 Yr. CAGR %	11.42	14.52	15.52	5.82	-13.3
Common Equity, 2 Yr. CAGR %	11.42	14.52	15.52	5.82	-13.3
Cash From Operations, 2 Yr. CAGR %	269.98	-6.74	24.4	50.91	29.1
Capital Expenditures, 2 Yr. CAGR %	903.2	161.27	53.04	71.72	-6.94
Levered Free Cash Flow, 2 Yr. CAGR %	-62.24	-77.56	569.12	491.61	-74.89
Unlevered Free Cash Flow, 2 Yr. CAGR %	-26.32	-60.33	96.95	176.62	-43.65
Dividend Per Share, 2 Yr. CAGR %	-	-6.91	216.23	187.56	169.85
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	22.11	17.48	0.55	19.64	11.39
Gross Profit, 3 Yr. CAGR %	87.52	49.94	2.34	33.08	20.85
EBITDA, 3 Yr. CAGR %	126.5	55.32	1.39	34.2	23.64
EBITA, 3 Yr. CAGR %	20.53	44.33	2	50.58	43.56
EBIT, 3 Yr. CAGR %	20.53	44.33	2	50.58	43.56
Earnings From Cont. Operations, 3 Yr. CAGR %	9.13	-9.43	16.73	32.13	139.85
Net Income, 3 Yr. CAGR %	9.13	-9.43	16.73	32.13	139.85
Normalized Net Income, 3 Yr. CAGR %	-16.77	-8.92	8.05	73.39	59.2
Diluted EPS Before Extra, 3 Yr. CAGR %	8.88	-13.57	9.71	24.07	135.85
Accounts Receivable, 3 Yr. CAGR %	11.42	15.36	-22	37.55	-30.32
Inventory, 3 Yr. CAGR %	2.96	11.31	-18.77	30.91	-
Net Property, Plant and Equip., 3 Yr. CAGR %	-1.25	0.58	1.57	4.16	-
Total Assets, 3 Yr. CAGR %	-0.4	3.14	5.9	8.74	-21.77
Tangible Book Value, 3 Yr. CAGR %	4.08	13.94	13.68	10.09	-5.58
Common Equity, 3 Yr. CAGR %	4.07	13.93	13.68	10.09	-5.58
Cash From Operations, 3 Yr. CAGR %	88.5	132.61	13.55	27.94	41.04
Capital Expenditures, 3 Yr. CAGR %	177.44	350.55	160.08	38.9	30.68
Levered Free Cash Flow, 3 Yr. CAGR %	-44.76	-32.41	1.36	323.21	5.61
Unlevered Free Cash Flow, 3 Yr. CAGR %	-13.42	-22.09	-11.18	88.2	7.84
Dividend Per Share, 3 Yr. CAGR %	-	-	54.2	169.37	213.49
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-7.93	7.92	17.64	22.08	3.06
Gross Profit, 5 Yr. CAGR %	-15.9	13.76	56.78	50.8	6.05
EBITDA, 5 Yr. CAGR %	-16.58	13.84	75.01	57.41	5.5
EBITA, 5 Yr. CAGR %	-22.89	57.42	24.29	63.34	10.35
EBIT, 5 Yr. CAGR %	-22.89	57.42	24.29	63.34	10.35
Earnings From Cont. Operations, 5 Yr. CAGR %	-17.29	-13.98	10.28	30.5	51.26
Net Income, 5 Yr. CAGR %	-17.29	-13.98	10.28	30.5	51.26
Normalized Net Income, 5 Yr. CAGR %	-29.71	17.23	5.32	30.58	18.63
Diluted EPS Before Extra, 5 Yr. CAGR %	-26.88	-24.07	6.17	25.54	45.66
Accounts Receivable, 5 Yr. CAGR %	-25.55	8.95	0.75	25.27	-22.65
Inventory, 5 Yr. CAGR %	-2.3	9.94	4.5	11.19	-
Net Property, Plant and Equip., 5 Yr. CAGR %	-3.87	-1.23	-0.59	2.42	-
Total Assets, 5 Yr. CAGR %	-4.32	-1.54	3.3	5.79	-12.64
Tangible Book Value, 5 Yr. CAGR %	-1.88	3.38	8.51	10.62	2
Common Equity, 5 Yr. CAGR %	-1.97	3.36	8.51	10.62	2
Cash From Operations, 5 Yr. CAGR %	-13.93	-3.09	59.63	95.64	19.53
Capital Expenditures, 5 Yr. CAGR %	-33.03	117.76	118.69	206.31	72.41
Levered Free Cash Flow, 5 Yr. CAGR %	-67.63	-49.36	49.82	60.97	-43.16
Unlevered Free Cash Flow, 5 Yr. CAGR %	-48.72	-34.8	20.28	29.33	-27.72
Dividend Per Share, 5 Yr. CAGR %	-52.73	-2.82	-	-	92.89