Nabors Energy Transition II Balance Sheet Health
Financial Health criteria checks 2/6
Nabors Energy Transition II has a total shareholder equity of $315.1M and total debt of $3.1M, which brings its debt-to-equity ratio to 1%. Its total assets and total liabilities are $329.9M and $14.8M respectively.
Key information
1.0%
Debt to equity ratio
US$3.05m
Debt
| Interest coverage ratio | n/a |
| Cash | US$1.65m |
| Equity | US$315.11m |
| Total liabilities | US$14.77m |
| Total assets | US$329.88m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: NETD.U's short term assets ($1.9M) exceed its short term liabilities ($221.4K).
Long Term Liabilities: NETD.U's short term assets ($1.9M) do not cover its long term liabilities ($14.5M).
Debt to Equity History and Analysis
Debt Level: NETD.U's net debt to equity ratio (0.4%) is considered satisfactory.
Reducing Debt: Insufficient data to determine if NETD.U's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: NETD.U's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: Insufficient data to determine if NETD.U's interest payments on its debt are well covered by EBIT.