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 $829.7M making its interest coverage ratio 5.8. 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 | 5.8x |
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 11Is Northern Oil and Gas (NYSE:NOG) Using Too Much Debt?
Jan 02Recent updates
Northern 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 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 08Financial 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 (67.4%).
Interest Coverage: NOG's interest payments on its debt are well covered by EBIT (5.8x coverage).