NobleOak Life Balance Sheet Health
Financial Health criteria checks 6/6
NobleOak Life has a total shareholder equity of A$66.2M and total debt of A$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are A$403.9M and A$337.7M respectively. NobleOak Life's EBIT is A$7.1M making its interest coverage ratio 25.4. It has cash and short-term investments of A$153.5M.
Key information
0%
Debt to equity ratio
AU$0
Debt
Interest coverage ratio | 25.4x |
Cash | AU$153.46m |
Equity | AU$66.19m |
Total liabilities | AU$337.69m |
Total assets | AU$403.88m |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: NOL's short term assets (A$277.1M) exceed its short term liabilities (A$105.8M).
Long Term Liabilities: NOL's short term assets (A$277.1M) exceed its long term liabilities (A$231.9M).
Debt to Equity History and Analysis
Debt Level: NOL is debt free.
Reducing Debt: NOL has not had any debt for past 5 years.
Debt Coverage: NOL has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: NOL has no debt, therefore coverage of interest payments is not a concern.