New Zealand Oil & Gas Balance Sheet Health
Financial Health criteria checks 6/6
New Zealand Oil & Gas has a total shareholder equity of NZ$191.2M and total debt of NZ$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are NZ$280.7M and NZ$89.5M respectively. New Zealand Oil & Gas's EBIT is NZ$35.6M making its interest coverage ratio -31.3. It has cash and short-term investments of NZ$46.4M.
Key information
0%
Debt to equity ratio
NZ$0
Debt
| Interest coverage ratio | -31.3x |
| Cash | NZ$46.44m |
| Equity | NZ$191.20m |
| Total liabilities | NZ$89.53m |
| Total assets | NZ$280.73m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: NZEO.F's short term assets (NZ$72.1M) exceed its short term liabilities (NZ$19.4M).
Long Term Liabilities: NZEO.F's short term assets (NZ$72.1M) exceed its long term liabilities (NZ$70.1M).
Debt to Equity History and Analysis
Debt Level: NZEO.F is debt free.
Reducing Debt: NZEO.F had no debt 5 years ago.
Debt Coverage: NZEO.F has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: NZEO.F has no debt, therefore coverage of interest payments is not a concern.