Golden Energy Offshore Services Balance Sheet Health
Financial Health criteria checks 0/6
Golden Energy Offshore Services has a total shareholder equity of NOK425.9M and total debt of NOK985.6M, which brings its debt-to-equity ratio to 231.4%. Its total assets and total liabilities are NOK1.5B and NOK1.1B respectively. Golden Energy Offshore Services's EBIT is NOK14.3M making its interest coverage ratio 0.1. It has cash and short-term investments of NOK3.1M.
Key information
231.4%
Debt to equity ratio
NOK 985.56m
Debt
| Interest coverage ratio | 0.1x |
| Cash | NOK 3.13m |
| Equity | NOK 425.91m |
| Total liabilities | NOK 1.09b |
| Total assets | NOK 1.51b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: J9X0's short term assets (NOK99.5M) do not cover its short term liabilities (NOK275.6M).
Long Term Liabilities: J9X0's short term assets (NOK99.5M) do not cover its long term liabilities (NOK812.1M).
Debt to Equity History and Analysis
Debt Level: J9X0's net debt to equity ratio (230.7%) is considered high.
Reducing Debt: J9X0's debt to equity ratio has increased from 82% to 231.4% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: J9X0 has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: J9X0 has less than a year of cash runway if free cash flow continues to reduce at historical rates of 51.1% each year