North Energy Balance Sheet Health
Financial Health criteria checks 3/6
North Energy has a total shareholder equity of NOK357.9M and total debt of NOK7.0K, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are NOK365.5M and NOK7.6M respectively.
Key information
0.002%
Debt to equity ratio
NOK 7.00k
Debt
| Interest coverage ratio | n/a |
| Cash | NOK 121.88m |
| Equity | NOK 357.89m |
| Total liabilities | NOK 7.61m |
| Total assets | NOK 365.50m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: RN2's short term assets (NOK125.0M) exceed its short term liabilities (NOK5.1M).
Long Term Liabilities: RN2's short term assets (NOK125.0M) exceed its long term liabilities (NOK2.5M).
Debt to Equity History and Analysis
Debt Level: RN2 has more cash than its total debt.
Reducing Debt: RN2's debt to equity ratio has increased from 0% to 0% over the past 5 years.
Debt Coverage: RN2's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: Insufficient data to determine if RN2's interest payments on its debt are well covered by EBIT.
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/26 20:34 |
| End of Day Share Price | 2024/12/23 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
| |
| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
North Energy ASA is covered by 7 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Christian Yggeseth | Arctic Securities ASA |
| Kjetil Bakken | Carnegie Investment Bank AB |
| Helge Martinsen | DNB Markets |