Independent Oil & Resources Balance Sheet Health
Financial Health criteria checks 3/6
Independent Oil & Resources has a total shareholder equity of NOK377.9M and total debt of NOK25.3M, which brings its debt-to-equity ratio to 6.7%. Its total assets and total liabilities are NOK404.9M and NOK26.9M respectively. Independent Oil & Resources's EBIT is NOK4.6M making its interest coverage ratio 3. It has cash and short-term investments of NOK177.6M.
Key information
6.7%
Debt to equity ratio
NOK 25.26m
Debt
| Interest coverage ratio | 3x |
| Cash | NOK 177.64m |
| Equity | NOK 377.94m |
| Total liabilities | NOK 26.94m |
| Total assets | NOK 404.89m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: IOTA's short term assets (NOK178.3M) exceed its short term liabilities (NOK26.9M).
Long Term Liabilities: IOTA has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: IOTA has more cash than its total debt.
Reducing Debt: IOTA's debt to equity ratio has increased from 0% to 6.7% over the past 5 years.
Debt Coverage: IOTA's debt is not well covered by operating cash flow (16.4%).
Interest Coverage: IOTA's interest payments on its debt are not well covered by EBIT (3x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/23 02:53 |
| End of Day Share Price | 2024/12/19 00:00 |
| Earnings | 2024/06/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Independent Oil & Resources Plc is covered by 0 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
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