NorAm Drilling Balance Sheet Health
Financial Health criteria checks 6/6
NorAm Drilling has a total shareholder equity of $67.3M and total debt of $0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are $84.4M and $17.1M respectively. NorAm Drilling's EBIT is $3.3M making its interest coverage ratio -8.2. It has cash and short-term investments of $10.4M.
Key information
0%
Debt to equity ratio
US$0
Debt
| Interest coverage ratio | -8.2x |
| Cash | US$10.37m |
| Equity | US$67.32m |
| Total liabilities | US$17.05m |
| Total assets | US$84.37m |
Recent financial health updates
No updates
Recent updates
NorAm Drilling's (OB:NORAM) Soft Earnings Are Actually Better Than They Appear
Aug 30
Analysts Have Been Trimming Their NorAm Drilling AS (OB:NORAM) Price Target After Its Latest Report
May 24There's Reason For Concern Over NorAm Drilling AS' (OB:NORAM) Price
Jul 17NorAm Drilling's (OB:NORAM) Solid Profits Have Weak Fundamentals
Feb 27Financial Position Analysis
Short Term Liabilities: NORAM's short term assets ($24.1M) exceed its short term liabilities ($12.2M).
Long Term Liabilities: NORAM's short term assets ($24.1M) exceed its long term liabilities ($4.8M).
Debt to Equity History and Analysis
Debt Level: NORAM is debt free.
Reducing Debt: NORAM has no debt compared to 5 years ago when its debt to equity ratio was 141.3%.
Debt Coverage: NORAM has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: NORAM has no debt, therefore coverage of interest payments is not a concern.