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New Zealand Oil & Gas Balance Sheet Health
Financial Health criteria checks 6/6
New Zealand Oil & Gas has a total shareholder equity of NZ$191.2M and total debt of NZ$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are NZ$280.7M and NZ$89.5M respectively. New Zealand Oil & Gas's EBIT is NZ$35.6M making its interest coverage ratio -31.3. It has cash and short-term investments of NZ$46.4M.
Key information
0%
Debt to equity ratio
NZ$0
Debt
| Interest coverage ratio | -31.3x |
| Cash | NZ$46.44m |
| Equity | NZ$191.20m |
| Total liabilities | NZ$89.53m |
| Total assets | NZ$280.73m |
Recent financial health updates
No updates
Recent updates
Returns On Capital Are Showing Encouraging Signs At New Zealand Oil & Gas (NZSE:NZO)
Mar 01
Shareholders Will Probably Hold Off On Increasing New Zealand Oil & Gas Limited's (NZSE:NZO) CEO Compensation For The Time Being
Dec 05Investors Don't See Light At End Of New Zealand Oil & Gas Limited's (NZSE:NZO) Tunnel
Jun 06Shareholders May Be More Conservative With New Zealand Oil & Gas Limited's (NZSE:NZO) CEO Compensation For Now
Oct 26Shareholders In New Zealand Oil & Gas (NZSE:NZO) Should Look Beyond Earnings For The Full Story
Mar 04Shareholders May Be Wary Of Increasing New Zealand Oil & Gas Limited's (NZSE:NZO) CEO Compensation Package
Oct 27Financial Position Analysis
Short Term Liabilities: NZO's short term assets (NZ$72.1M) exceed its short term liabilities (NZ$19.4M).
Long Term Liabilities: NZO's short term assets (NZ$72.1M) exceed its long term liabilities (NZ$70.1M).
Debt to Equity History and Analysis
Debt Level: NZO is debt free.
Reducing Debt: NZO had no debt 5 years ago.
Debt Coverage: NZO has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: NZO has no debt, therefore coverage of interest payments is not a concern.