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).