Nostrum Oil & Gas Balance Sheet Health
Financial Health criteria checks 0/6
Nostrum Oil & Gas has a total shareholder equity of $-65.7M and total debt of $471.7M, which brings its debt-to-equity ratio to -718.3%. Its total assets and total liabilities are $519.3M and $585.0M respectively. Nostrum Oil & Gas's EBIT is $656.0K making its interest coverage ratio 0. It has cash and short-term investments of $161.7M.
Key information
-718.3%
Debt to equity ratio
US$471.75m
Debt
Interest coverage ratio | 0.007x |
Cash | US$161.71m |
Equity | -US$65.67m |
Total liabilities | US$585.01m |
Total assets | US$519.34m |
Financial Position Analysis
Short Term Liabilities: NOG has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: NOG has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.
Debt to Equity History and Analysis
Debt Level: NOG has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: NOG's has negative shareholder equity, so we do not need to check if its debt has reduced over time.
Debt Coverage: NOG's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: NOG's interest payments on its debt are not well covered by EBIT (0x coverage).