New Hope Balance Sheet Health
Financial Health criteria checks 6/6
New Hope has a total shareholder equity of A$2.5B and total debt of A$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are A$3.1B and A$551.8M respectively. New Hope's EBIT is A$1.0B making its interest coverage ratio 212.8. It has cash and short-term investments of A$481.1M.
Key information
0%
Debt to equity ratio
AU$0
Debt
| Interest coverage ratio | 212.8x |
| Cash | AU$481.06m |
| Equity | AU$2.50b |
| Total liabilities | AU$551.78m |
| Total assets | AU$3.05b |
Recent financial health updates
New Hope (ASX:NHC) Could Easily Take On More Debt
Jun 26
New Hope (ASX:NHC) Seems To Use Debt Rather Sparingly
Mar 26These 4 Measures Indicate That New Hope (ASX:NHC) Is Using Debt Safely
Nov 19New Hope (ASX:NHC) Seems To Use Debt Rather Sparingly
Jul 29Does New Hope (ASX:NHC) Have A Healthy Balance Sheet?
Apr 28New Hope (ASX:NHC) Has A Rock Solid Balance Sheet
Jan 17Recent updates
New Hope (ASX:NHC) Will Pay A Smaller Dividend Than Last Year
Mar 21Should You Be Adding New Hope (ASX:NHC) To Your Watchlist Today?
Mar 13New Hope Corporation Limited's (ASX:NHC) Intrinsic Value Is Potentially 47% Above Its Share Price
Feb 22Benign Growth For New Hope Corporation Limited (ASX:NHC) Underpins Its Share Price
Dec 20Here's Why We Think New Hope (ASX:NHC) Might Deserve Your Attention Today
Nov 27Is New Hope Corporation Limited (ASX:NHC) Trading At A 20% Discount?
Aug 24Here's Why We Think New Hope (ASX:NHC) Might Deserve Your Attention Today
Jul 24New Hope (ASX:NHC) Could Easily Take On More Debt
Jun 26Here's Why We Think New Hope (ASX:NHC) Is Well Worth Watching
Apr 17New Hope (ASX:NHC) Seems To Use Debt Rather Sparingly
Mar 26These Analysts Just Made A Notable Downgrade To Their New Hope Corporation Limited (ASX:NHC) EPS Forecasts
Feb 22Calculating The Fair Value Of New Hope Corporation Limited (ASX:NHC)
Jan 21Here's Why We Think New Hope (ASX:NHC) Is Well Worth Watching
Dec 20These 4 Measures Indicate That New Hope (ASX:NHC) Is Using Debt Safely
Nov 19Estimating The Fair Value Of New Hope Corporation Limited (ASX:NHC)
Oct 17New Hope (ASX:NHC) Will Pay A Larger Dividend Than Last Year At A$0.56
Sep 29New Hope (ASX:NHC) Seems To Use Debt Rather Sparingly
Jul 29A Look At The Intrinsic Value Of New Hope Corporation Limited (ASX:NHC)
May 19Does New Hope (ASX:NHC) Have A Healthy Balance Sheet?
Apr 28Need To Know: Analysts Are Much More Bullish On New Hope Corporation Limited (ASX:NHC) Revenues
Mar 09New Hope (ASX:NHC) Has A Rock Solid Balance Sheet
Jan 17New Hope Corporation Limited (ASX:NHC) Shares Could Be 28% Below Their Intrinsic Value Estimate
Dec 14Financial Position Analysis
Short Term Liabilities: NHC's short term assets (A$949.5M) exceed its short term liabilities (A$233.4M).
Long Term Liabilities: NHC's short term assets (A$949.5M) exceed its long term liabilities (A$318.4M).
Debt to Equity History and Analysis
Debt Level: NHC is debt free.
Reducing Debt: NHC has no debt compared to 5 years ago when its debt to equity ratio was 10.3%.
Debt Coverage: NHC has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: NHC has no debt, therefore coverage of interest payments is not a concern.