Northern Oil and Gas Balance Sheet Health
Financial Health criteria checks 4/6
Northern Oil and Gas has a total shareholder equity of $2.3B and total debt of $2.0B, which brings its debt-to-equity ratio to 84.4%. Its total assets and total liabilities are $5.1B and $2.7B respectively. Northern Oil and Gas's EBIT is $1.2B making its interest coverage ratio 8. It has cash and short-term investments of $34.4M.
Key information
84.4%
Debt to equity ratio
US$1.95b
Debt
| Interest coverage ratio | 8x |
| Cash | US$34.36m |
| Equity | US$2.31b |
| Total liabilities | US$2.74b |
| Total assets | US$5.06b |
Recent financial health updates
We Think Northern Oil and Gas (NYSE:NOG) Is Taking Some Risk With Its Debt
Nov 06
Is Northern Oil and Gas (NYSE:NOG) A Risky Investment?
Jul 16These 4 Measures Indicate That Northern Oil and Gas (NYSE:NOG) Is Using Debt Reasonably Well
Mar 11Recent updates
We Think Northern Oil and Gas (NYSE:NOG) Is Taking Some Risk With Its Debt
Nov 06Northern 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 ($518.9M) exceed its short term liabilities ($420.3M).
Long Term Liabilities: NOG's short term assets ($518.9M) do not cover its long term liabilities ($2.3B).
Debt to Equity History and Analysis
Debt Level: NOG's net debt to equity ratio (82.9%) is considered high.
Reducing Debt: NOG's debt to equity ratio has reduced from 221.8% to 84.4% over the past 5 years.
Debt Coverage: NOG's debt is well covered by operating cash flow (74.8%).
Interest Coverage: NOG's interest payments on its debt are well covered by EBIT (8x coverage).