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.