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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).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/10/28 09:05 |
| End of Day Share Price | 2024/10/28 00:00 |
| Earnings | 2024/02/29 |
| Annual Earnings | 2024/02/29 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Namoi Cotton Limited is covered by 1 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Belinda Moore | Morgans Financial Limited |