Northern Oil and Gas Balance Sheet Health
Financial Health criteria checks 3/6
Northern Oil and Gas has a total shareholder equity of $2.0B and total debt of $1.9B, which brings its debt-to-equity ratio to 96.8%. Its total assets and total liabilities are $4.6B and $2.6B respectively. Northern Oil and Gas's EBIT is $826.5M making its interest coverage ratio 5.7. It has cash and short-term investments of $32.5M.
Key information
96.8%
Debt to equity ratio
US$1.94b
Debt
| Interest coverage ratio | 5.7x |
| Cash | US$32.47m |
| Equity | US$2.00b |
| Total liabilities | US$2.63b |
| Total assets | US$4.63b |
Recent financial health updates
These 4 Measures Indicate That Northern Oil and Gas (NYSE:NOG) Is Using Debt Reasonably Well
Mar 11
Is Northern Oil and Gas (NYSE:NOG) Using Too Much Debt?
Jan 02Recent updates
Why Investors Shouldn't Be Surprised By Northern Oil and Gas, Inc.'s (NYSE:NOG) Low P/E
Mar 30These 4 Measures Indicate That Northern Oil and Gas (NYSE:NOG) Is Using Debt Reasonably Well
Mar 11Northern Oil And Gas: Expecting Close To $500 Million In 2024 Free Cash Flow
Feb 24Northern Oil And Gas: Bigger Yield, EPS Growth In '24, Monitoring The Chart
Jan 19Northern Oil and Gas (NYSE:NOG) Has Announced That It Will Be Increasing Its Dividend To $0.40
Dec 13Northern Oil and Gas (NYSE:NOG) Is Increasing Its Dividend To $0.40
Nov 23Northern Oil And Gas: Net Debt Should Be Reduced To $1.6 Billion By End Of 2023 (Rating Upgrade)
Nov 04Northern Oil and Gas (NYSE:NOG) Will Pay A Larger Dividend Than Last Year At $0.40
Nov 03Northern Oil and Gas, Inc. (NYSE:NOG) Shares Could Be 42% Below Their Intrinsic Value Estimate
Oct 03Northern Oil and Gas (NYSE:NOG) Will Pay A Larger Dividend Than Last Year At $0.38
Sep 12Northern Oil and Gas: Production May Exceed 110,000 BOEPD In Q4 2023
Aug 31Northern Oil and Gas (NYSE:NOG) Is Increasing Its Dividend To $0.38
Aug 28Northern Oil and Gas: A Buy Until The Music Stops, Again
Aug 24Here's Why We Think Northern Oil and Gas (NYSE:NOG) Is Well Worth Watching
Aug 04A Look At The Fair Value Of Northern Oil and Gas, Inc. (NYSE:NOG)
Jul 04Northern Oil and Gas: Big Company Revenue, Small Company Flexibility
Jun 15A Look At The Fair Value Of Northern Oil and Gas, Inc. (NYSE:NOG)
Apr 05Northern Oil & Gas Q4 2022 Earnings Preview
Feb 22Northern Oil & Gas raises dividend by 13.3%
Feb 06Northern Oil and Gas: Mascot Project Adds To 2024 Free Cash Flow
Jan 26Is Northern Oil and Gas (NYSE:NOG) Using Too Much Debt?
Jan 02Northern Oil & Gas Non-GAAP EPS of $1.80 beats by $0.05, revenue of $791.64M beats by $374.37M
Nov 08An Intrinsic Calculation For Northern Oil and Gas, Inc. (NYSE:NOG) Suggests It's 49% Undervalued
Oct 19NOG prices upsized $435M private debt offering
Oct 12Financial Position Analysis
Short Term Liabilities: NOG's short term assets ($412.8M) do not cover its short term liabilities ($428.0M).
Long Term Liabilities: NOG's short term assets ($412.8M) do not cover its long term liabilities ($2.2B).
Debt to Equity History and Analysis
Debt Level: NOG's net debt to equity ratio (95.2%) is considered high.
Reducing Debt: NOG's debt to equity ratio has reduced from 271.3% to 96.8% over the past 5 years.
Debt Coverage: NOG's debt is well covered by operating cash flow (61%).
Interest Coverage: NOG's interest payments on its debt are well covered by EBIT (5.7x coverage).