Northern Oil and Gas Balance Sheet Health
Financial Health criteria checks 4/6
Northern Oil and Gas has a total shareholder equity of $2.3B and total debt of $2.0B, which brings its debt-to-equity ratio to 84.4%. Its total assets and total liabilities are $5.1B and $2.7B respectively. Northern Oil and Gas's EBIT is $1.2B making its interest coverage ratio 8. It has cash and short-term investments of $34.4M.
Key information
84.4%
Debt to equity ratio
US$1.95b
Debt
| Interest coverage ratio | 8x |
| Cash | US$34.36m |
| Equity | US$2.31b |
| Total liabilities | US$2.74b |
| Total assets | US$5.06b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 4LT1's short term assets ($518.9M) exceed its short term liabilities ($420.3M).
Long Term Liabilities: 4LT1's short term assets ($518.9M) do not cover its long term liabilities ($2.3B).
Debt to Equity History and Analysis
Debt Level: 4LT1's net debt to equity ratio (82.9%) is considered high.
Reducing Debt: 4LT1's debt to equity ratio has reduced from 221.8% to 84.4% over the past 5 years.
Debt Coverage: 4LT1's debt is well covered by operating cash flow (74.8%).
Interest Coverage: 4LT1's interest payments on its debt are well covered by EBIT (8x coverage).