Independent Oil & Resources Balance Sheet Health
Financial Health criteria checks 6/6
Independent Oil & Resources has a total shareholder equity of NOK357.4M and total debt of NOK0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are NOK361.6M and NOK4.2M respectively. Independent Oil & Resources's EBIT is NOK3.9M making its interest coverage ratio -3.7. It has cash and short-term investments of NOK152.4M.
Key information
0%
Debt to equity ratio
kr0
Debt
Interest coverage ratio | -3.7x |
Cash | kr152.45m |
Equity | kr357.37m |
Total liabilities | kr4.20m |
Total assets | kr361.56m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: IOTA's short term assets (NOK153.2M) exceed its short term liabilities (NOK4.2M).
Long Term Liabilities: IOTA has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: IOTA is debt free.
Reducing Debt: IOTA had no debt 5 years ago.
Debt Coverage: IOTA has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: IOTA has no debt, therefore coverage of interest payments is not a concern.