Navitas Petroleum Limited Partnership Balance Sheet Health
Financial Health criteria checks 3/6
Navitas Petroleum Limited Partnership has a total shareholder equity of $464.2M and total debt of $818.4M, which brings its debt-to-equity ratio to 176.3%. Its total assets and total liabilities are $1.4B and $907.3M respectively. Navitas Petroleum Limited Partnership's EBIT is $24.0M making its interest coverage ratio -30. It has cash and short-term investments of $186.6M.
Key information
176.3%
Debt to equity ratio
US$818.35m
Debt
| Interest coverage ratio | -30x |
| Cash | US$186.63m |
| Equity | US$464.18m |
| Total liabilities | US$907.30m |
| Total assets | US$1.37b |
Recent financial health updates
Does Navitas Petroleum Limited Partnership (TLV:NVPT) Have A Healthy Balance Sheet?
Jul 15
Is Navitas Petroleum Limited Partnership (TLV:NVPT) A Risky Investment?
Mar 01Is 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 31Recent updates
Navitas Petroleum, Limited Partnership's (TLV:NVPT) CEO Will Probably Have Their Compensation Approved By Shareholders
Sep 29Does Navitas Petroleum Limited Partnership (TLV:NVPT) Have A Healthy Balance Sheet?
Jul 15Navitas 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 18
Could 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 ($197.6M) exceed its short term liabilities ($47.8M).
Long Term Liabilities: NVPT's short term assets ($197.6M) do not cover its long term liabilities ($859.5M).
Debt to Equity History and Analysis
Debt Level: NVPT's net debt to equity ratio (136.1%) is considered high.
Reducing Debt: NVPT's debt to equity ratio has reduced from 19345.6% to 176.3% over the past 5 years.
Debt Coverage: NVPT's debt is not well covered by operating cash flow (5.6%).
Interest Coverage: NVPT earns more interest than it pays, so coverage of interest payments is not a concern.