Nickel Industries Balance Sheet Health
Financial Health criteria checks 5/6
Nickel Industries has a total shareholder equity of $2.9B and total debt of $845.0M, which brings its debt-to-equity ratio to 29.1%. Its total assets and total liabilities are $4.1B and $1.2B respectively. Nickel Industries's EBIT is $283.2M making its interest coverage ratio 5.1. It has cash and short-term investments of $775.0M.
Key information
29.1%
Debt to equity ratio
US$845.02m
Debt
| Interest coverage ratio | 5.1x |
| Cash | US$774.97m |
| Equity | US$2.91b |
| Total liabilities | US$1.16b |
| Total assets | US$4.07b |
Recent financial health updates
Does Nickel Industries (ASX:NIC) Have A Healthy Balance Sheet?
Dec 21
Is Nickel Mines (ASX:NIC) A Risky Investment?
Oct 03Is Nickel Mines (ASX:NIC) A Risky Investment?
Jul 02Recent updates
A Look At The Fair Value Of Nickel Industries Limited (ASX:NIC)
Apr 10Nickel Industries Limited (ASX:NIC) Stock Rockets 27% But Many Are Still Ignoring The Company
Mar 10Nickel Industries Limited Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now
Mar 01Estimating The Fair Value Of Nickel Industries Limited (ASX:NIC)
Dec 29An Intrinsic Calculation For Nickel Industries Limited (ASX:NIC) Suggests It's 25% Undervalued
Sep 27Calculating The Intrinsic Value Of Nickel Industries Limited (ASX:NIC)
Jun 15An Intrinsic Calculation For Nickel Industries Limited (ASX:NIC) Suggests It's 45% Undervalued
Jan 07Does Nickel Industries (ASX:NIC) Have A Healthy Balance Sheet?
Dec 21Nickel Industries (ASX:NIC) Is Due To Pay A Dividend Of $0.02
Sep 02Nickel Mines Limited (ASX:NIC) Shares Could Be 48% Below Their Intrinsic Value Estimate
Mar 30Need To Know: Analysts Are Much More Bullish On Nickel Mines Limited (ASX:NIC) Revenues
Feb 28Nickel Mines (ASX:NIC) Is Due To Pay A Dividend Of AU$0.02
Jan 30Further Upside For Nickel Mines Limited (ASX:NIC) Shares Could Introduce Price Risks After 29% Bounce
Nov 25Is Nickel Mines (ASX:NIC) A Risky Investment?
Oct 03Nickel Mines (ASX:NIC) Is Increasing Its Dividend To AU$0.02
Aug 28Is Nickel Mines (ASX:NIC) A Risky Investment?
Jul 02Financial Position Analysis
Short Term Liabilities: NIC's short term assets ($1.3B) exceed its short term liabilities ($477.9M).
Long Term Liabilities: NIC's short term assets ($1.3B) exceed its long term liabilities ($686.8M).
Debt to Equity History and Analysis
Debt Level: NIC's net debt to equity ratio (2.4%) is considered satisfactory.
Reducing Debt: NIC's debt to equity ratio has increased from 0% to 29.1% over the past 5 years.
Debt Coverage: NIC's debt is well covered by operating cash flow (27.2%).
Interest Coverage: NIC's interest payments on its debt are well covered by EBIT (5.1x coverage).