Golden Energy Offshore Services Balance Sheet Health
Financial Health criteria checks 0/6
Golden Energy Offshore Services has a total shareholder equity of NOK529.5M and total debt of NOK964.2M, which brings its debt-to-equity ratio to 182.1%. Its total assets and total liabilities are NOK1.6B and NOK1.0B respectively. Golden Energy Offshore Services's EBIT is NOK23.1M making its interest coverage ratio 0.3. It has cash and short-term investments of NOK41.2M.
Key information
182.1%
Debt to equity ratio
kr964.16m
Debt
| Interest coverage ratio | 0.3x |
| Cash | kr41.23m |
| Equity | kr529.49m |
| Total liabilities | kr1.03b |
| Total assets | kr1.56b |
Recent financial health updates
Recent updates
Returns On Capital Are Showing Encouraging Signs At Golden Energy Offshore Services (OB:GEOS)
Apr 25
What You Can Learn From Golden Energy Offshore Services AS' (OB:GEOS) P/S
Feb 27Golden Energy Offshore Services' (OB:GEOS) Attractive Earnings Are Not All Good News For Shareholders
Sep 19Health Check: How Prudently Does Golden Energy Offshore Services (OB:GEOS) Use Debt?
Oct 07Financial Position Analysis
Short Term Liabilities: GEOS's short term assets (NOK144.0M) do not cover its short term liabilities (NOK284.5M).
Long Term Liabilities: GEOS's short term assets (NOK144.0M) do not cover its long term liabilities (NOK744.9M).
Debt to Equity History and Analysis
Debt Level: GEOS's net debt to equity ratio (174.3%) is considered high.
Reducing Debt: GEOS's debt to equity ratio has increased from 0% to 182.1% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: GEOS has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: GEOS has less than a year of cash runway if free cash flow continues to reduce at historical rates of 43.8% each year