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$258.7M, which brings its debt-to-equity ratio to 10.2%. Its total assets and total liabilities are A$3.5B and A$925.4M respectively. New Hope's EBIT is A$706.2M making its interest coverage ratio 125.6. It has cash and short-term investments of A$824.5M.
Key information
10.2%
Debt to equity ratio
AU$258.73m
Debt
| Interest coverage ratio | 125.6x |
| Cash | AU$824.53m |
| Equity | AU$2.54b |
| Total liabilities | AU$925.42m |
| Total assets | AU$3.47b |
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) Is Very Good At Capital Allocation
Oct 13Investors Aren't Buying New Hope Corporation Limited's (ASX:NHC) Earnings
Aug 20Is There An Opportunity With New Hope Corporation Limited's (ASX:NHC) 41% Undervaluation?
Aug 02New 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 17Financial Position Analysis
Short Term Liabilities: NHC's short term assets (A$1.3B) exceed its short term liabilities (A$614.7M).
Long Term Liabilities: NHC's short term assets (A$1.3B) exceed its long term liabilities (A$310.7M).
Debt to Equity History and Analysis
Debt Level: NHC has more cash than its total debt.
Reducing Debt: NHC's debt to equity ratio has reduced from 18% to 10.2% over the past 5 years.
Debt Coverage: NHC's debt is well covered by operating cash flow (217.2%).
Interest Coverage: NHC's interest payments on its debt are well covered by EBIT (125.6x coverage).