PetroNor E&P Balance Sheet Health
Financial Health criteria checks 6/6
PetroNor E&P has a total shareholder equity of $200.5M and total debt of $4.1M, which brings its debt-to-equity ratio to 2.1%. Its total assets and total liabilities are $260.1M and $59.6M respectively. PetroNor E&P's EBIT is $103.7M making its interest coverage ratio 150.3. It has cash and short-term investments of $97.1M.
Key information
2.1%
Debt to equity ratio
US$4.13m
Debt
| Interest coverage ratio | 150.3x |
| Cash | US$97.07m |
| Equity | US$200.51m |
| Total liabilities | US$59.57m |
| Total assets | US$260.08m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: PNORO's short term assets ($117.4M) exceed its short term liabilities ($31.8M).
Long Term Liabilities: PNORO's short term assets ($117.4M) exceed its long term liabilities ($27.7M).
Debt to Equity History and Analysis
Debt Level: PNORO has more cash than its total debt.
Reducing Debt: PNORO's debt to equity ratio has reduced from 33.7% to 2.1% over the past 5 years.
Debt Coverage: PNORO's debt is well covered by operating cash flow (2526.7%).
Interest Coverage: PNORO's interest payments on its debt are well covered by EBIT (150.3x coverage).