Golden Energy Offshore Services Balance Sheet Health
Financial Health criteria checks 2/6
Golden Energy Offshore Services has a total shareholder equity of NOK444.8M and total debt of NOK969.4M, which brings its debt-to-equity ratio to 217.9%. Its total assets and total liabilities are NOK1.6B and NOK1.2B respectively. Golden Energy Offshore Services's EBIT is NOK139.8M making its interest coverage ratio 1.2. It has cash and short-term investments of NOK37.6M.
Key information
217.9%
Debt to equity ratio
NOK 969.41m
Debt
| Interest coverage ratio | 1.2x |
| Cash | NOK 37.61m |
| Equity | NOK 444.80m |
| Total liabilities | NOK 1.17b |
| Total assets | NOK 1.61b |
Recent financial health updates
Recent updates
Investors Will Want Golden Energy Offshore Services' (OB:GEOS) Growth In ROCE To Persist
Mar 08
Golden Energy Offshore Services ASA (OB:GEOS) Might Not Be As Mispriced As It Looks After Plunging 36%
Nov 23The Price Is Right For Golden Energy Offshore Services ASA (OB:GEOS) Even After Diving 26%
Sep 27Golden Energy Offshore Services (OB:GEOS) Might Have The Makings Of A Multi-Bagger
Sep 18Revenues Tell The Story For Golden Energy Offshore Services ASA (OB:GEOS)
Jun 12Returns On Capital Are Showing Encouraging Signs At Golden Energy Offshore Services (OB:GEOS)
Apr 25What 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 (NOK221.5M) do not cover its short term liabilities (NOK439.3M).
Long Term Liabilities: GEOS's short term assets (NOK221.5M) do not cover its long term liabilities (NOK730.5M).
Debt to Equity History and Analysis
Debt Level: GEOS's net debt to equity ratio (209.5%) is considered high.
Reducing Debt: GEOS's debt to equity ratio has increased from 0% to 217.9% 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: Whilst unprofitable GEOS has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: GEOS is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 40.9% per year.
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/03/19 19:50 |
| End of Day Share Price | 2025/03/19 00:00 |
| Earnings | 2024/12/31 |
| Annual Earnings | 2024/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Golden Energy Offshore Services ASA is covered by 0 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.