Golar LNG Balance Sheet Health
Financial Health criteria checks 4/6
Golar LNG has a total shareholder equity of $2.6B and total debt of $1.1B, which brings its debt-to-equity ratio to 41.7%. Its total assets and total liabilities are $4.3B and $1.7B respectively. Golar LNG's EBIT is $30.0M making its interest coverage ratio -3.2. It has cash and short-term investments of $735.2M.
Key information
41.7%
Debt to equity ratio
US$1.09b
Debt
| Interest coverage ratio | -3.2x |
| Cash | US$735.19m |
| Equity | US$2.62b |
| Total liabilities | US$1.72b |
| Total assets | US$4.33b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: GOL's short term assets ($915.2M) exceed its short term liabilities ($591.9M).
Long Term Liabilities: GOL's short term assets ($915.2M) do not cover its long term liabilities ($1.1B).
Debt to Equity History and Analysis
Debt Level: GOL's net debt to equity ratio (13.6%) is considered satisfactory.
Reducing Debt: GOL's debt to equity ratio has reduced from 151.4% to 41.7% over the past 5 years.
Debt Coverage: GOL's debt is not well covered by operating cash flow (16.9%).
Interest Coverage: GOL earns more interest than it pays, so coverage of interest payments is not a concern.