NobleOak Life Balance Sheet Health
Financial Health criteria checks 6/6
NobleOak Life has a total shareholder equity of A$71.4M and total debt of A$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are A$463.7M and A$392.3M respectively. NobleOak Life's EBIT is A$13.5M making its interest coverage ratio 48.4. It has cash and short-term investments of A$158.6M.
Key information
0%
Debt to equity ratio
AU$0
Debt
| Interest coverage ratio | 48.4x |
| Cash | AU$158.60m |
| Equity | AU$71.41m |
| Total liabilities | AU$392.33m |
| Total assets | AU$463.73m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: NOL's short term assets (A$318.8M) exceed its short term liabilities (A$212.7M).
Long Term Liabilities: NOL's short term assets (A$318.8M) exceed its long term liabilities (A$179.7M).
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.