Northern Ocean Balance Sheet Health
Financial Health criteria checks 1/6
Northern Ocean has a total shareholder equity of $436.9M and total debt of $541.7M, which brings its debt-to-equity ratio to 124%. Its total assets and total liabilities are $1.1B and $618.9M respectively.
Key information
124.0%
Debt to equity ratio
US$541.65m
Debt
| Interest coverage ratio | n/a |
| Cash | US$54.39m |
| Equity | US$436.90m |
| Total liabilities | US$618.89m |
| Total assets | US$1.06b |
Recent financial health updates
Health Check: How Prudently Does Northern Ocean (OB:NOL) Use Debt?
Sep 01
Health Check: How Prudently Does Northern Ocean (OB:NOL) Use Debt?
Mar 01Recent updates
Take Care Before Jumping Onto Northern Ocean Ltd. (OB:NOL) Even Though It's 28% Cheaper
Feb 03Not Many Are Piling Into Northern Ocean Ltd. (OB:NOL) Stock Yet As It Plummets 26%
Dec 13Health Check: How Prudently Does Northern Ocean (OB:NOL) Use Debt?
Sep 01Loss-Making Northern Ocean Ltd. (OB:NOL) Set To Breakeven
May 11Health Check: How Prudently Does Northern Ocean (OB:NOL) Use Debt?
Mar 01Analysts Expect Northern Ocean Ltd. (OB:NOL) To Breakeven Soon
Jan 29How Much Did Northern Ocean's(OB:NOL) Shareholders Earn From Share Price Movements Over The Last Year?
Dec 07Financial Position Analysis
Short Term Liabilities: NOL's short term assets ($132.2M) do not cover its short term liabilities ($158.2M).
Long Term Liabilities: NOL's short term assets ($132.2M) do not cover its long term liabilities ($460.7M).
Debt to Equity History and Analysis
Debt Level: NOL's net debt to equity ratio (111.5%) is considered high.
Reducing Debt: NOL had negative shareholder equity 5 years ago, but is now positive and has therefore improved.
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: NOL has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: Insufficient data to determine if NOL has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.