National Drilling Balance Sheet Health
Financial Health criteria checks 4/6
National Drilling has a total shareholder equity of $43.5M and total debt of $17.2M, which brings its debt-to-equity ratio to 39.6%. Its total assets and total liabilities are $65.0M and $21.5M respectively.
Key information
39.6%
Debt to equity ratio
US$17.23m
Debt
Interest coverage ratio | n/a |
Cash | US$945.97k |
Equity | US$43.49m |
Total liabilities | US$21.50m |
Total assets | US$64.99m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: NDRL's short term assets ($26.7M) exceed its short term liabilities ($4.3M).
Long Term Liabilities: NDRL's short term assets ($26.7M) exceed its long term liabilities ($17.2M).
Debt to Equity History and Analysis
Debt Level: NDRL's net debt to equity ratio (37.5%) is considered satisfactory.
Reducing Debt: NDRL's debt to equity ratio has increased from 23.3% to 39.6% over the past 5 years.
Debt Coverage: NDRL's debt is well covered by operating cash flow (27.8%).
Interest Coverage: Insufficient data to determine if NDRL's interest payments on its debt are well covered by EBIT.