Nabors Energy Transition Balance Sheet Health
Financial Health criteria checks 0/6
Nabors Energy Transition has a total shareholder equity of $-10.6M and total debt of $4.2M, which brings its debt-to-equity ratio to -39.8%. Its total assets and total liabilities are $107.0M and $117.7M respectively.
Key information
-39.8%
Debt to equity ratio
US$4.24m
Debt
| Interest coverage ratio | n/a |
| Cash | US$82.51k |
| Equity | -US$10.64m |
| Total liabilities | US$117.69m |
| Total assets | US$107.05m |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: NETC.U has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: NETC.U has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.
Debt to Equity History and Analysis
Debt Level: NETC.U has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: NETC.U's has negative shareholder equity, so we do not need to check if its debt has reduced over time.
Debt Coverage: NETC.U's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: Insufficient data to determine if NETC.U's interest payments on its debt are well covered by EBIT.