Nickel Industries Financial Health
How is Nickel Industries's financial position?
Financial Health Score6/6
Financial Health Score 6/6
Short Term Liabilities
Long Term Liabilities
Financial Position Analysis
Short Term Liabilities: NIC's short term assets ($518.8M) exceed its short term liabilities ($143.9M).
Long Term Liabilities: NIC's short term assets ($518.8M) exceed its long term liabilities ($400.3M).
Debt to Equity History and Analysis
Debt Level: NIC's net debt to equity ratio (14.3%) is considered satisfactory.
Reducing Debt: NIC's debt to equity ratio has reduced from 1172.2% to 20% over the past 5 years.
Debt Coverage: NIC's debt is well covered by operating cash flow (34.6%).
Interest Coverage: NIC's interest payments on its debt are well covered by EBIT (11.2x coverage).