Northern Oil and Gas Balance Sheet Health
Financial Health criteria checks 3/6
Northern Oil and Gas has a total shareholder equity of $2.1B and total debt of $1.9B, which brings its debt-to-equity ratio to 90.6%. Its total assets and total liabilities are $4.7B and $2.7B respectively. Northern Oil and Gas's EBIT is $813.0M making its interest coverage ratio 5.5. It has cash and short-term investments of $7.8M.
Key information
90.6%
Debt to equity ratio
US$1.87b
Debt
| Interest coverage ratio | 5.5x |
| Cash | US$7.78m |
| Equity | US$2.07b |
| Total liabilities | US$2.66b |
| Total assets | US$4.72b |
Recent financial health updates
Is Northern Oil and Gas (NYSE:NOG) A Risky Investment?
Jul 16
These 4 Measures Indicate That Northern Oil and Gas (NYSE:NOG) Is Using Debt Reasonably Well
Mar 11Recent updates
Northern Oil And Gas: Acquisitions Boost Oil Production By More Than 15%
Oct 04Northern Oil and Gas' (NYSE:NOG) Dividend Will Be Increased To $0.42
Sep 20Northern Oil and Gas: Stronger Positioning, But Commodity Prices Could Drag
Sep 12Northern Oil and Gas' (NYSE:NOG) Upcoming Dividend Will Be Larger Than Last Year's
Aug 27Northern Oil and Gas' (NYSE:NOG) Shareholders Will Receive A Bigger Dividend Than Last Year
Aug 10Is Northern Oil and Gas (NYSE:NOG) A Risky Investment?
Jul 16Is Northern Oil and Gas, Inc. (NYSE:NOG) Trading At A 47% Discount?
Jun 16Northern Oil and Gas Now Appears To Be Near Fair Valuation (Rating Downgrade)
May 22Earnings Troubles May Signal Larger Issues for Northern Oil and Gas (NYSE:NOG) Shareholders
May 07Why 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 15Financial Position Analysis
Short Term Liabilities: NOG's short term assets ($413.7M) do not cover its short term liabilities ($465.6M).
Long Term Liabilities: NOG's short term assets ($413.7M) do not cover its long term liabilities ($2.2B).
Debt to Equity History and Analysis
Debt Level: NOG's net debt to equity ratio (90.3%) is considered high.
Reducing Debt: NOG's debt to equity ratio has reduced from 220.7% to 90.6% over the past 5 years.
Debt Coverage: NOG's debt is well covered by operating cash flow (71.4%).
Interest Coverage: NOG's interest payments on its debt are well covered by EBIT (5.5x coverage).