NewMed Energy - Limited Partnership Balance Sheet Health
Financial Health criteria checks 4/6
NewMed Energy - Limited Partnership has a total shareholder equity of $1.4B and total debt of $1.7B, which brings its debt-to-equity ratio to 124.5%. Its total assets and total liabilities are $3.6B and $2.2B respectively. NewMed Energy - Limited Partnership's EBIT is $689.3M making its interest coverage ratio 6.1. It has cash and short-term investments of $87.0M.
Key information
124.5%
Debt to equity ratio
US$1.73b
Debt
| Interest coverage ratio | 6.1x |
| Cash | US$87.00m |
| Equity | US$1.39b |
| Total liabilities | US$2.24b |
| Total assets | US$3.63b |
Recent financial health updates
Is NewMed Energy - Limited Partnership (TLV:NWMD) Using Too Much Debt?
Aug 24
NewMed Energy - Limited Partnership (TLV:NWMD) Has A Pretty Healthy Balance Sheet
May 05Is NewMed Energy - Limited Partnership (TLV:NWMD) A Risky Investment?
Jan 16NewMed Energy - Limited Partnership (TLV:NWMD) Seems To Use Debt Quite Sensibly
Sep 21Is NewMed Energy - Limited Partnership (TLV:NWMD) A Risky Investment?
Jun 17Here's Why Delek Drilling - Limited Partnership (TLV:DEDR.L) Has A Meaningful Debt Burden
Jan 08Recent updates
Is NewMed Energy - Limited Partnership (TLV:NWMD) Using Too Much Debt?
Aug 24Calculating The Intrinsic Value Of NewMed Energy - Limited Partnership (TLV:NWMD)
Jul 27NewMed Energy - Limited Partnership (TLV:NWMD) Has A Pretty Healthy Balance Sheet
May 05Is NewMed Energy - Limited Partnership (TLV:NWMD) A Risky Investment?
Jan 16A Look At The Intrinsic Value Of NewMed Energy - Limited Partnership (TLV:NWMD)
Nov 02NewMed Energy - Limited Partnership (TLV:NWMD) Seems To Use Debt Quite Sensibly
Sep 21Calculating The Intrinsic Value Of NewMed Energy - Limited Partnership (TLV:NWMD)
Jul 29Is NewMed Energy - Limited Partnership (TLV:NWMD) A Risky Investment?
Jun 17Calculating The Intrinsic Value Of NewMed Energy - Limited Partnership (TLV:NWMD)
Mar 24Here's Why Delek Drilling - Limited Partnership (TLV:DEDR.L) Has A Meaningful Debt Burden
Jan 08Calculating The Intrinsic Value Of Delek Drilling - Limited Partnership (TLV:DEDR.L)
Dec 20Delek Drilling - Limited Partnership (TLV:DEDR.L) Takes On Some Risk With Its Use Of Debt
Sep 23Calculating The Intrinsic Value Of Delek Drilling - Limited Partnership (TLV:DEDR.L)
Aug 22Is Delek Drilling - Limited Partnership (TLV:DEDR.L) Using Too Much Debt?
Jun 09A Look At The Intrinsic Value Of Delek Drilling - Limited Partnership (TLV:DEDR.L)
May 23These 4 Measures Indicate That Delek Drilling - Limited Partnership (TLV:DEDR.L) Is Using Debt Extensively
Mar 11Calculating The Intrinsic Value Of Delek Drilling - Limited Partnership (TLV:DEDR.L)
Feb 21What Kind Of Shareholders Hold The Majority In Delek Drilling - Limited Partnership's (TLV:DEDR.L) Shares?
Feb 02Is Delek Drilling - Limited Partnership's (TLV:DEDR.L) ROE Of 30% Impressive?
Jan 16How Much is Delek Drilling - Limited Partnership's (TLV:DEDR.L) CEO Getting Paid?
Dec 28These 4 Measures Indicate That Delek Drilling - Limited Partnership (TLV:DEDR.L) Is Using Debt Extensively
Dec 10
Reflecting on Delek Drilling - Limited Partnership's (TLV:DEDR.L) Share Price Returns Over The Last Five Years
Nov 25Financial Position Analysis
Short Term Liabilities: NWMD's short term assets ($420.1M) exceed its short term liabilities ($119.1M).
Long Term Liabilities: NWMD's short term assets ($420.1M) do not cover its long term liabilities ($2.1B).
Debt to Equity History and Analysis
Debt Level: NWMD's net debt to equity ratio (118.2%) is considered high.
Reducing Debt: NWMD's debt to equity ratio has reduced from 324.7% to 124.5% over the past 5 years.
Debt Coverage: NWMD's debt is well covered by operating cash flow (35%).
Interest Coverage: NWMD's interest payments on its debt are well covered by EBIT (6.1x coverage).