Petrolia NOCO Balance Sheet Health
Financial Health criteria checks 0/6
Petrolia NOCO has a total shareholder equity of NOK2.1M and total debt of NOK281.7M, which brings its debt-to-equity ratio to 13547.4%. Its total assets and total liabilities are NOK1.1B and NOK1.1B respectively. Petrolia NOCO's EBIT is NOK5.8M making its interest coverage ratio 0.2. It has cash and short-term investments of NOK30.3M.
Key information
13,547.4%
Debt to equity ratio
NOK 281.65m
Debt
| Interest coverage ratio | 0.2x |
| Cash | NOK 30.27m |
| Equity | NOK 2.08m |
| Total liabilities | NOK 1.13b |
| Total assets | NOK 1.13b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: PNO's short term assets (NOK258.2M) do not cover its short term liabilities (NOK451.7M).
Long Term Liabilities: PNO's short term assets (NOK258.2M) do not cover its long term liabilities (NOK674.7M).
Debt to Equity History and Analysis
Debt Level: PNO's net debt to equity ratio (12091.6%) is considered high.
Reducing Debt: PNO's debt to equity ratio has increased from 240.8% to 13547.4% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: PNO has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: Insufficient data to determine if PNO has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/18 16:39 |
| End of Day Share Price | 2024/11/28 00:00 |
| Earnings | 2024/03/31 |
| 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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Learn about the world class team who designed and built the Simply Wall St analysis model.
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
Petrolia NOCO AS is covered by 2 analysts. 1 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 |
|---|---|
| Karl Schjøtt-Pedersen | ABG Sundal Collier Sponsored |
| null null | ABG Sundal Collier Sponsored |