Namoi Cotton Balance Sheet Health
Financial Health criteria checks 5/6
Namoi Cotton has a total shareholder equity of A$143.3M and total debt of A$25.3M, which brings its debt-to-equity ratio to 17.7%. Its total assets and total liabilities are A$191.6M and A$48.3M respectively. Namoi Cotton's EBIT is A$9.9M making its interest coverage ratio 4.2. It has cash and short-term investments of A$7.5M.
Key information
17.7%
Debt to equity ratio
AU$25.32m
Debt
| Interest coverage ratio | 4.2x |
| Cash | AU$7.53m |
| Equity | AU$143.34m |
| Total liabilities | AU$48.25m |
| Total assets | AU$191.59m |
Recent financial health updates
Is Namoi Cotton (ASX:NAM) Weighed On By Its Debt Load?
Jun 21
Is Namoi Cotton (ASX:NAM) Using Debt Sensibly?
Dec 03
Recent updates
Namoi Cotton (ASX:NAM) Has Some Difficulty Using Its Capital Effectively
Oct 31Capital Allocation Trends At Namoi Cotton (ASX:NAM) Aren't Ideal
Jun 21Namoi Cotton's (ASX:NAM) Solid Profits Have Weak Fundamentals
Nov 04Is Namoi Cotton (ASX:NAM) Weighed On By Its Debt Load?
Jun 21Is Namoi Cotton (ASX:NAM) Using Debt Sensibly?
Dec 03Financial Position Analysis
Short Term Liabilities: NAM's short term assets (A$29.4M) exceed its short term liabilities (A$13.6M).
Long Term Liabilities: NAM's short term assets (A$29.4M) do not cover its long term liabilities (A$34.6M).
Debt to Equity History and Analysis
Debt Level: NAM's net debt to equity ratio (12.4%) is considered satisfactory.
Reducing Debt: NAM's debt to equity ratio has reduced from 32.4% to 17.7% over the past 5 years.
Debt Coverage: NAM's debt is well covered by operating cash flow (123.7%).
Interest Coverage: NAM's interest payments on its debt are well covered by EBIT (4.2x coverage).