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Northern Drilling Balance Sheet Health
Financial Health criteria checks 4/6
Northern Drilling has a total shareholder equity of $237.1M and total debt of $0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are $238.5M and $1.4M respectively.
Key information
0%
Debt to equity ratio
US$0
Debt
| Interest coverage ratio | n/a |
| Cash | US$996.00k |
| Equity | US$237.07m |
| Total liabilities | US$1.42m |
| Total assets | US$238.49m |
Recent financial health updates
Here's Why We're Watching Northern Drilling's (OB:NODL) Cash Burn Situation
Jan 31
Companies Like Northern Drilling (OB:NODL) Are In A Position To Invest In Growth
Sep 04Recent updates
Financial Position Analysis
Short Term Liabilities: NODL's short term assets ($189.3M) exceed its short term liabilities ($1.4M).
Long Term Liabilities: NODL has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: NODL is debt free.
Reducing Debt: NODL had no debt 5 years ago.
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: Insufficient data to determine if NODL has enough cash runway based on its current free cash flow.
Forecast Cash Runway: Insufficient data to determine if NODL has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.