Golar LNG Balance Sheet Health
Financial Health criteria checks 4/6
Golar LNG has a total shareholder equity of $2.6B and total debt of $823.5M, which brings its debt-to-equity ratio to 31.6%. Its total assets and total liabilities are $4.1B and $1.5B respectively. Golar LNG's EBIT is $20.8M making its interest coverage ratio -0.4. It has cash and short-term investments of $684.4M.
Key information
31.6%
Debt to equity ratio
US$823.54m
Debt
Interest coverage ratio | -0.4x |
Cash | US$684.38m |
Equity | US$2.60b |
Total liabilities | US$1.48b |
Total assets | US$4.08b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 0HDY's short term assets ($815.6M) exceed its short term liabilities ($545.8M).
Long Term Liabilities: 0HDY's short term assets ($815.6M) do not cover its long term liabilities ($935.8M).
Debt to Equity History and Analysis
Debt Level: 0HDY's net debt to equity ratio (5.3%) is considered satisfactory.
Reducing Debt: 0HDY's debt to equity ratio has reduced from 39.3% to 31.6% over the past 5 years.
Debt Coverage: 0HDY's debt is not well covered by operating cash flow (16.4%).
Interest Coverage: 0HDY earns more interest than it pays, so coverage of interest payments is not a concern.