North European Oil Royalty Trust (NRT) Balance Sheet
NRT balance sheet, FY2025
October 31, 2025 · U.S. dollars$4.8M assets = $2.8M liabilities + $1.9M equity
Both columns are drawn to the same scale: what NRT owns equals what it owes plus shareholders’ equity. Hover a block for its value.
NRT financial health
Descriptive bands, not a rating. Fiscal FY2025.
NRT balance sheet trends, FY2016–FY2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $1.2MFY2016 | $4.8MFY2025 | +17.0%/yr | |
| Total liabilities | $1.1MFY2016 | $2.8MFY2025 | +11.1%/yr | |
| Shareholders’ equity | $62,477FY2016 | $1.9MFY2025 | +46.4%/yr | |
| Cash & short-term investments | $1.2MFY2016 | $4.8MFY2025 | +17.0%/yr | |
| Total debt | $0FY2016 | $0FY2025 | — | |
| Net cash (debt) | $1.2MFY2016 | $4.8MFY2025 | +$3.6M | |
| Working capital | $62,476FY2016 | $1.9MFY2025 | +$1.9M | |
| Book value per share | $0.01FY2016 | $0.21FY2025 | +46.4%/yr | |
| Current ratio | 1.06FY2016 | 1.68FY2025 | +0.62 | |
| Debt / equity | 0.00FY2016 | 0.00FY2025 | 0.00 | |
| Shares outstanding | 9.2MFY2016 | 9.2MFY2025 | 0.0%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
NRT assets
NRT liabilities and equity
NRT debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
NRT balance sheet
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $4.8M | $1.6M | $795,201 | $7.2M | $1.4M | $649,585 | $1.6M | $1.5M | $2.1M | $1.2M |
| Cash & equivalents | $4.8M | $1.6M | $795,201 | $7.2M | $1.4M | $649,585 | $1.6M | $1.5M | $2.1M | $1.2M |
| Receivables | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other current assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total current assets | $4.8M | $1.6M | $795,201 | $7.2M | $1.4M | $649,585 | $1.6M | $1.5M | $2.1M | $1.2M |
| Property, plant & equipment (net) | $1 | $1 | $1 | $1 | $1 | $1 | $1 | $1 | $1 | $1 |
| Goodwill & intangible assets | $0 | $0 | $1 | $1 | $1 | $1 | $1 | $0 | $1 | $1 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $1 | $1 | $1 | $1 |
| Other non-current assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total assets | $4.8M | $1.6M | $795,202 | $7.2M | $1.4M | $649,586 | $1.6M | $1.5M | $2.1M | $1.2M |
| Liabilities | ||||||||||
| Accounts payable | — | — | — | — | — | — | — | — | $2.0M | $1.1M |
| Short-term debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total current liabilities | $2.8M | $183,812 | $0 | $6.8M | $1.3M | $183,811 | $1.5M | $1.4M | $2.0M | $1.1M |
| Long-term debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other long-term liabilities | $0 | $0 | $0 | $0 | $1.3M | $183,811 | $1.5M | $0 | $0 | $0 |
| Total liabilities | $2.8M | $183,812 | $0 | $6.8M | $1.3M | $183,811 | $1.5M | $1.4M | $2.0M | $1.1M |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $0 | $1 | $1 | $1 | $1 | $1 | $1 | $1 | $1 | $1 |
| Retained earnings (deficit) | $1.9M | $1.4M | $795,201 | $392,420 | $122,754 | $465,774 | $120,399 | $78,618 | $104,076 | $62,476 |
| Accumulated other comprehensive income | — | — | $0 | $0 | $122,755 | $465,775 | $0 | $78,619 | $104,077 | $62,477 |
| Total shareholders' equity | $1.9M | $1.4M | $795,202 | $392,421 | $122,755 | $465,775 | $120,400 | $78,619 | $104,077 | $62,477 |
| Key figures | ||||||||||
| Total debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net cash (debt) | $4.8M | $1.6M | $795,201 | $7.2M | $1.4M | $649,585 | $1.6M | $1.5M | $2.1M | $1.2M |
| Working capital | $1.9M | $1.4M | $795,201 | $392,420 | $122,754 | $465,774 | $120,399 | $78,618 | $104,076 | $62,476 |
| Tangible book value | $1.9M | $1.4M | $795,201 | $392,420 | $122,754 | $465,774 | $120,399 | $78,619 | $104,076 | $62,476 |
| Book value per share | $0.21 | $0.16 | $0.09 | $0.04 | $0.01 | $0.05 | $0.01 | $0.01 | $0.01 | $0.01 |
| Shares outstanding | 9.2M | 9.2M | 9.2M | 9.2M | 9.2M | 9.2M | 9.2M | 9.2M | 9.2M | 9.2M |
| Current ratio | 1.68 | 8.84 | — | 1.06 | 1.10 | 3.53 | 1.08 | 1.06 | 1.05 | 1.06 |
| Quick ratio | 1.68 | 8.84 | — | 1.06 | 1.10 | 3.53 | 1.08 | 1.06 | 1.05 | 1.06 |
| Debt / equity | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Equity / assets | 40.5% | 88.7% | 100.0% | 5.5% | 8.7% | 71.7% | 7.6% | 5.4% | 4.9% | 5.4% |
| Jul '26 | Apr '26 | Jan '26 | Oct '25 | Jul '25 | Apr '25 | Jan '25 | Oct '24 | Jul '24 | Apr '24 | Jan '24 | Oct '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $4.4M | $3.9M | $3.9M | $4.8M | $4.2M | $3.6M | $1.7M | $1.6M | $3.0M | $2.5M | $974,286 | $795,201 |
| Cash & equivalents | $4.4M | $3.9M | $3.9M | $4.8M | $4.2M | $3.6M | $1.7M | $1.6M | $3.0M | $2.5M | $974,286 | $795,201 |
| Receivables | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other current assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total current assets | $4.4M | $3.9M | $3.9M | $4.8M | $4.2M | $3.6M | $1.7M | $1.6M | $3.0M | $2.5M | $974,286 | $795,201 |
| Property, plant & equipment (net) | $1 | $1 | $1 | $1 | $1 | $1 | $1 | $1 | $1 | $1 | $1 | $1 |
| Goodwill & intangible assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total assets | $4.4M | $3.9M | $3.9M | $4.8M | $4.2M | $3.6M | $1.7M | $1.6M | $3.0M | $2.5M | $974,287 | $795,202 |
| Liabilities | ||||||||||||
| Short-term debt | — | — | $0 | $0 | $0 | $0 | $0 | $0 | — | — | — | — |
| Total current liabilities | $2.4M | $2.0M | $2.0M | $2.8M | $2.4M | $1.8M | $367,624 | $183,812 | $1.9M | $1.8M | $459,529 | $0 |
| Long-term debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other long-term liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1.9M | $1.8M | $459,529 | $0 |
| Total liabilities | $2.4M | $2.0M | $2.0M | $2.8M | $2.4M | $1.8M | $367,624 | $183,812 | $1.9M | $1.8M | $459,529 | $0 |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | — | — | $0 | $0 | $0 | $1 | $1 | $1 | $1 | $1 | $1 | $1 |
| Retained earnings (deficit) | $2.0M | $1.9M | $1.9M | $1.9M | $1.9M | $1.8M | $1.4M | $1.4M | $1.1M | $710,538 | $514,757 | $795,201 |
| Accumulated other comprehensive income | — | — | — | — | — | — | — | — | — | — | — | $0 |
| Total shareholders' equity | $2.0M | $1.9M | $1.9M | $1.9M | $1.9M | $1.8M | $1.4M | $1.4M | $1.1M | $710,539 | $514,758 | $795,202 |
| Key figures | ||||||||||||
| Total debt | — | — | $0 | $0 | $0 | $0 | $0 | $0 | — | — | — | — |
| Net cash (debt) | — | — | $3.9M | $4.8M | $4.2M | $3.6M | $1.7M | $1.6M | — | — | — | — |
| Working capital | $2.0M | $1.9M | $1.9M | $1.9M | $1.9M | $1.8M | $1.4M | $1.4M | $1.1M | $710,538 | $514,757 | $795,201 |
| Tangible book value | $2.0M | $1.9M | $1.9M | $1.9M | $1.9M | $1.8M | $1.4M | $1.4M | $1.1M | $710,539 | $514,758 | $795,201 |
| Book value per share | $0.21 | $0.21 | $0.20 | $0.21 | $0.20 | $0.19 | $0.15 | $0.16 | $0.12 | $0.08 | $0.06 | $0.09 |
| Shares outstanding | 9.2M | 9.2M | 9.2M | 9.2M | 9.2M | 9.2M | 9.2M | 9.2M | 9.2M | 9.2M | 9.2M | 9.2M |
| Current ratio | 1.83 | 1.93 | 1.92 | 1.68 | 1.77 | 1.97 | 4.70 | 8.84 | 1.57 | 1.39 | 2.12 | — |
| Quick ratio | 1.83 | 1.93 | 1.92 | 1.68 | 1.77 | 1.97 | 4.70 | 8.84 | 1.57 | 1.39 | 2.12 | — |
| Debt / equity | — | — | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | — | — | — | — |
| Equity / assets | 45.2% | 48.3% | 47.9% | 40.5% | 43.7% | 49.2% | 78.7% | 88.7% | 36.3% | 27.9% | 52.8% | 100.0% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed December 31, 2025); data from EODHD.
NRT financial position
At the end of fiscal 2025 (October 31, 2025), North European Oil Royalty had total assets of $4.8 million (up 194.4% from a year earlier), total liabilities of $2.8 million and shareholders' equity of $1.9 million. It held $4.8 million in cash and short-term investments against $0 of debt, a net cash position of $4.8 million. Its current ratio was 1.68. In the latest quarter (ended July 31, 2026) total assets were $4.4 million and equity $2.0 million.
Related: NRT income statement, NRT cash flow statement, NRT key metrics. See the NRT stock overview for the latest quote and news.
NRT balance sheet FAQ
What are North European Oil Royalty's total assets?
North European Oil Royalty reported total assets of $4.8 million at the end of fiscal 2025 (October 31, 2025), compared with $1.6 million a year earlier.
How much debt does North European Oil Royalty have?
North European Oil Royalty had $0 of total debt at the end of fiscal 2025, including short-term borrowings. Its debt-to-equity ratio was 0.00.
How much cash does North European Oil Royalty have?
North European Oil Royalty held $4.8 million in cash and short-term investments at the end of fiscal 2025; with $0 of debt that is net cash of $4.8 million.
What is North European Oil Royalty's book value?
North European Oil Royalty's shareholders' equity (book value) was $1.9 million at the end of fiscal 2025, or $0.21 per share.
What is North European Oil Royalty's current ratio?
North European Oil Royalty had current assets of $4.8 million and current liabilities of $2.8 million, a current ratio of 1.68 (it can cover its short-term obligations).