Golar LNG Balance Sheet Health
Financial Health criteria checks 4/6
Golar LNG has a total shareholder equity of $2.6B and total debt of $823.5M, which brings its debt-to-equity ratio to 31.6%. Its total assets and total liabilities are $4.1B and $1.5B respectively. Golar LNG's EBIT is $20.8M making its interest coverage ratio -0.4. It has cash and short-term investments of $684.4M.
Key information
31.6%
Debt to equity ratio
US$823.54m
Debt
| Interest coverage ratio | -0.4x |
| Cash | US$684.38m |
| Equity | US$2.60b |
| Total liabilities | US$1.48b |
| Total assets | US$4.08b |
Recent financial health updates
Is Golar LNG (NASDAQ:GLNG) A Risky Investment?
Feb 14
Here's Why Golar LNG (NASDAQ:GLNG) Can Manage Its Debt Responsibly
Jul 28Golar LNG (NASDAQ:GLNG) Use Of Debt Could Be Considered Risky
Jan 22Does Golar LNG (NASDAQ:GLNG) Have A Healthy Balance Sheet?
Aug 12Recent updates
The Golar LNG Limited (NASDAQ:GLNG) Annual Results Are Out And Analysts Have Published New Forecasts
Mar 02Golar LNG: Bet On Rising Floating LNG Demand
Feb 21Is Golar LNG (NASDAQ:GLNG) A Risky Investment?
Feb 14A Look At The Intrinsic Value Of Golar LNG Limited (NASDAQ:GLNG)
Oct 05Golar LNG Limited's (NASDAQ:GLNG) Prospects Need A Boost To Lift Shares
Jul 14Golar LNG Limited (NASDAQ:GLNG) Shares Could Be 48% Below Their Intrinsic Value Estimate
Jun 23Golar LNG's (NASDAQ:GLNG) Earnings Are Weaker Than They Seem
Nov 23Golar LNG reports Q2 results
Aug 11Here's Why Golar LNG (NASDAQ:GLNG) Can Manage Its Debt Responsibly
Jul 28An Intrinsic Calculation For Golar LNG Limited (NASDAQ:GLNG) Suggests It's 45% Undervalued
Jul 07RiverPark Advisors - Golar LNG Ltd: Rising Energy Prices, Changing Supply Lines
Jun 03Golar LNG: Changing Business Model Creates Opportunity For Investors
Apr 08Golar LNG (NASDAQ:GLNG) Use Of Debt Could Be Considered Risky
Jan 22Golar LNG: 2022 Is Set To Be The True Inflection Point
Jan 20Golar LNG: Proposed LNG Carrier Fleet Spin-Off Strengthens The Company's Debt And Liquidity Profile
Dec 20Golar LNG: Improving Finances, Fundamentals, And Growth Prospects
Nov 29Golar LNG: Still Far Too Much Debt Even After Their Asset Divestitures
Sep 05Does Golar LNG (NASDAQ:GLNG) Have A Healthy Balance Sheet?
Aug 12Are Investors Undervaluing Golar LNG Limited (NASDAQ:GLNG) By 38%?
Jun 10Golar LNG Limited (NASDAQ:GLNG) Shares Could Be 28% Below Their Intrinsic Value Estimate
Mar 10Golar LNG Limited's (NASDAQ:GLNG) Has Found A Path To Profitability
Feb 03
Golar LNG: Mixed Feelings Towards Surprise Sale Of Hygo Energy Transition And Golar LNG Partners
Jan 14New Fortress Energy to buy Hygo Energy, Golar LNG Partners in $5B deals
Jan 13What You Need To Know About Golar LNG Limited's (NASDAQ:GLNG) Investor Composition
Dec 30Golar LNG Entering The Clean Energy Space
Dec 11Golar LNG: Results Show A Few Weaknesses But Market May Have Overreacted
Dec 07Golar LNG to offer 11M shares in public offering
Dec 02Financial Position Analysis
Short Term Liabilities: GLNG's short term assets ($815.6M) exceed its short term liabilities ($545.8M).
Long Term Liabilities: GLNG's short term assets ($815.6M) do not cover its long term liabilities ($935.8M).
Debt to Equity History and Analysis
Debt Level: GLNG's net debt to equity ratio (5.3%) is considered satisfactory.
Reducing Debt: GLNG's debt to equity ratio has reduced from 39.3% to 31.6% over the past 5 years.
Debt Coverage: GLNG's debt is not well covered by operating cash flow (16.4%).
Interest Coverage: GLNG earns more interest than it pays, so coverage of interest payments is not a concern.