NorAm Drilling Balance Sheet Health
Financial Health criteria checks 6/6
NorAm Drilling has a total shareholder equity of $77.1M and total debt of $0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are $97.4M and $20.3M respectively. NorAm Drilling's EBIT is $22.1M making its interest coverage ratio -49. It has cash and short-term investments of $12.1M.
Key information
0%
Debt to equity ratio
US$0
Debt
Interest coverage ratio | -49x |
Cash | US$12.14m |
Equity | US$77.14m |
Total liabilities | US$20.28m |
Total assets | US$97.42m |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: NORAM's short term assets ($24.8M) exceed its short term liabilities ($15.2M).
Long Term Liabilities: NORAM's short term assets ($24.8M) exceed its long term liabilities ($5.1M).
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 149%.
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.