Nabors Energy Transition II Balance Sheet Health
Financial Health criteria checks 2/6
Nabors Energy Transition II has a total shareholder equity of $303.8M and total debt of $3.1M, which brings its debt-to-equity ratio to 1%. Its total assets and total liabilities are $318.0M and $14.3M respectively.
Key information
1.0%
Debt to equity ratio
US$3.05m
Debt
| Interest coverage ratio | n/a |
| Cash | US$1.98m |
| Equity | US$303.77m |
| Total liabilities | US$14.26m |
| Total assets | US$318.03m |
Recent financial health updates
No updates
Recent updates
No updates
Financial Position Analysis
Short Term Liabilities: NETD's short term assets ($2.2M) exceed its short term liabilities ($195.9K).
Long Term Liabilities: NETD's short term assets ($2.2M) do not cover its long term liabilities ($14.1M).
Debt to Equity History and Analysis
Debt Level: NETD's net debt to equity ratio (0.4%) is considered satisfactory.
Reducing Debt: Insufficient data to determine if NETD's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: NETD's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: Insufficient data to determine if NETD's interest payments on its debt are well covered by EBIT.