nib holdings Balance Sheet Health
Financial Health criteria checks 6/6
nib holdings has a total shareholder equity of A$1.0B and total debt of A$264.6M, which brings its debt-to-equity ratio to 25.3%. Its total assets and total liabilities are A$2.1B and A$1.1B respectively. nib holdings's EBIT is A$294.2M making its interest coverage ratio 140.1. It has cash and short-term investments of A$1.4B.
Key information
25.3%
Debt to equity ratio
AU$264.60m
Debt
| Interest coverage ratio | 140.1x |
| Cash | AU$1.37b |
| Equity | AU$1.04b |
| Total liabilities | AU$1.07b |
| Total assets | AU$2.11b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: NHF's short term assets (A$1.5B) exceed its short term liabilities (A$679.9M).
Long Term Liabilities: NHF's short term assets (A$1.5B) exceed its long term liabilities (A$390.9M).
Debt to Equity History and Analysis
Debt Level: NHF has more cash than its total debt.
Reducing Debt: NHF's debt to equity ratio has reduced from 37% to 25.3% over the past 5 years.
Debt Coverage: NHF's debt is well covered by operating cash flow (97.2%).
Interest Coverage: NHF's interest payments on its debt are well covered by EBIT (140.1x coverage).