This company has been acquired
NexTier Oilfield Solutions Balance Sheet Health
Financial Health criteria checks 6/6
NexTier Oilfield Solutions has a total shareholder equity of $1.1B and total debt of $354.5M, which brings its debt-to-equity ratio to 31.4%. Its total assets and total liabilities are $2.2B and $1.0B respectively. NexTier Oilfield Solutions's EBIT is $590.7M making its interest coverage ratio 21.7. It has cash and short-term investments of $314.8M.
Key information
31.4%
Debt to equity ratio
US$354.50m
Debt
| Interest coverage ratio | 21.7x |
| Cash | US$314.83m |
| Equity | US$1.13b |
| Total liabilities | US$1.03b |
| Total assets | US$2.16b |
Recent financial health updates
Does NexTier Oilfield Solutions (NYSE:NEX) Have A Healthy Balance Sheet?
Apr 04
Does NexTier Oilfield Solutions (NYSE:NEX) Have A Healthy Balance Sheet?
Jul 28Here's Why NexTier Oilfield Solutions (NYSE:NEX) Can Afford Some Debt
Apr 07Is NexTier Oilfield Solutions (NYSE:NEX) Using Too Much Debt?
Dec 02Is NexTier Oilfield Solutions (NYSE:NEX) A Risky Investment?
Aug 05Would NexTier Oilfield Solutions (NYSE:NEX) Be Better Off With Less Debt?
Mar 08Recent updates
NexTier Oilfield Solutions: Discounted Valuation And Strong Outlook
Aug 26NexTier Oilfield Solutions: Consider Taking Some Profits After The Rally
Aug 17NexTier And Patterson Merger Creates Oil Service Player With Discount Valuation
Jun 15Does NexTier Oilfield Solutions (NYSE:NEX) Have A Healthy Balance Sheet?
Apr 04The Trend Of High Returns At NexTier Oilfield Solutions (NYSE:NEX) Has Us Very Interested
Mar 09Returns on Capital Paint A Bright Future For NexTier Oilfield Solutions (NYSE:NEX)
Dec 08NexTier Oilfield: Undervalued And Recently Increased Its EBITDA Guidance
Sep 09NexTier Oilfield Solutions (NYSE:NEX) Is Looking To Continue Growing Its Returns On Capital
Aug 25We Think That There Are Issues Underlying NexTier Oilfield Solutions' (NYSE:NEX) Earnings
Aug 04Does NexTier Oilfield Solutions (NYSE:NEX) Have A Healthy Balance Sheet?
Jul 28NexTier Oilfield Solutions Q2 2022 Earnings Preview
Jul 25Broker Revenue Forecasts For NexTier Oilfield Solutions Inc. (NYSE:NEX) Are Surging Higher
May 01NexTier Crushes Q1 2022 Expectations And The Rest Of 2022 As Well
Apr 28Here's Why NexTier Oilfield Solutions (NYSE:NEX) Can Afford Some Debt
Apr 07NexTier Pre Investor Day Thoughts - Expect Upside To Estimates
Mar 03NexTier Oilfield Solutions: Expect A Slow Pickup
Jan 04Is NexTier Oilfield Solutions (NYSE:NEX) Using Too Much Debt?
Dec 02NexTier Oilfield Solutions To Pick Up Slowly After Alamo Acquisition
Oct 14Rainbows and Unicorns: NexTier Oilfield Solutions Inc. (NYSE:NEX) Analysts Just Became A Lot More Optimistic
Aug 08Is NexTier Oilfield Solutions (NYSE:NEX) A Risky Investment?
Aug 05NexTier Oilfield Solutions: Low Carbon Footprint To Drive Growth
Jul 11Here's Why Shareholders Should Examine NexTier Oilfield Solutions Inc.'s (NYSE:NEX) CEO Compensation Package More Closely
Jun 09NexTier Oilfield Solutions Q1 2021 Earnings Preview
May 03Would NexTier Oilfield Solutions (NYSE:NEX) Be Better Off With Less Debt?
Mar 08Financial Position Analysis
Short Term Liabilities: NEX's short term assets ($876.9M) exceed its short term liabilities ($640.2M).
Long Term Liabilities: NEX's short term assets ($876.9M) exceed its long term liabilities ($394.1M).
Debt to Equity History and Analysis
Debt Level: NEX's net debt to equity ratio (3.5%) is considered satisfactory.
Reducing Debt: NEX's debt to equity ratio has reduced from 67.6% to 31.4% over the past 5 years.
Debt Coverage: NEX's debt is well covered by operating cash flow (199.5%).
Interest Coverage: NEX's interest payments on its debt are well covered by EBIT (21.7x coverage).