Navitas Petroleum Limited Partnership Balance Sheet Health
Financial Health criteria checks 3/6
Navitas Petroleum Limited Partnership has a total shareholder equity of $380.8M and total debt of $672.7M, which brings its debt-to-equity ratio to 176.7%. Its total assets and total liabilities are $1.1B and $746.8M respectively. Navitas Petroleum Limited Partnership's EBIT is $26.5M making its interest coverage ratio -7. It has cash and short-term investments of $108.6M.
Key information
176.7%
Debt to equity ratio
US$672.75m
Debt
| Interest coverage ratio | -7x |
| Cash | US$108.58m |
| Equity | US$380.83m |
| Total liabilities | US$746.81m |
| Total assets | US$1.13b |
Recent financial health updates
Is Navitas Petroleum Limited Partnership (TLV:NVPT) A Risky Investment?
Mar 01
Is Navitas Petroleum Limited Partnership (TLV:NVPT) Using Too Much Debt?
Nov 27Does Navitas Petroleum Limited Partnership (TLV:NVPT) Have A Healthy Balance Sheet?
Apr 03Does Navitas Petroleum Limited Partnership (TLV:NVPT.L) Have A Healthy Balance Sheet?
Aug 08These 4 Measures Indicate That Navitas Petroleum Limited Partnership (TLV:NVPT.L) Is Using Debt Extensively
Mar 31Navitas Petroleum Limited Partnership (TLV:NVPT.L) Has A Somewhat Strained Balance Sheet
Nov 26
Recent updates
Navitas Petroleum Limited Partnership's (TLV:NVPT) Weak Earnings May Only Reveal A Part Of The Whole Picture
Mar 14Optimistic Investors Push Navitas Petroleum, Limited Partnership (TLV:NVPT) Shares Up 29% But Growth Is Lacking
Mar 05Is Navitas Petroleum Limited Partnership (TLV:NVPT) A Risky Investment?
Mar 01Some Confidence Is Lacking In Navitas Petroleum, Limited Partnership's (TLV:NVPT) P/E
Jan 17Is Navitas Petroleum Limited Partnership (TLV:NVPT) Using Too Much Debt?
Nov 27Navitas Petroleum, Limited Partnership's (TLV:NVPT) P/S Is On The Mark
Aug 02Does Navitas Petroleum Limited Partnership (TLV:NVPT) Have A Healthy Balance Sheet?
Apr 03We Think Shareholders Should Be Aware Of Some Factors Beyond Navitas Petroleum Limited Partnership's (TLV:NVPT.L) Profit
Dec 07Does Navitas Petroleum Limited Partnership (TLV:NVPT.L) Have A Healthy Balance Sheet?
Aug 08These 4 Measures Indicate That Navitas Petroleum Limited Partnership (TLV:NVPT.L) Is Using Debt Extensively
Mar 31Will the Promising Trends At Navitas Petroleum Limited Partnership (TLV:NVPT.L) Continue?
Feb 22Did You Miss Navitas Petroleum Limited Partnership's (TLV:NVPT.L) 58% Share Price Gain?
Jan 18Could The Navitas Petroleum, Limited Partnership (TLV:NVPT.L) Ownership Structure Tell Us Something Useful?
Dec 22Navitas Petroleum Limited Partnership (TLV:NVPT.L) Has A Somewhat Strained Balance Sheet
Nov 26Financial Position Analysis
Short Term Liabilities: NVPT's short term assets ($123.0M) exceed its short term liabilities ($81.0M).
Long Term Liabilities: NVPT's short term assets ($123.0M) do not cover its long term liabilities ($665.8M).
Debt to Equity History and Analysis
Debt Level: NVPT's net debt to equity ratio (148.1%) is considered high.
Reducing Debt: NVPT had negative shareholder equity 5 years ago, but is now positive and has therefore improved.
Debt Coverage: NVPT's debt is not well covered by operating cash flow (7.1%).
Interest Coverage: NVPT earns more interest than it pays, so coverage of interest payments is not a concern.