Nickel Industries Balance Sheet Health
Financial Health criteria checks 5/6
Nickel Industries has a total shareholder equity of $2.8B and total debt of $753.8M, which brings its debt-to-equity ratio to 26.6%. Its total assets and total liabilities are $3.9B and $1.1B respectively. Nickel Industries's EBIT is $247.2M making its interest coverage ratio 4.7. It has cash and short-term investments of $358.1M.
Key information
26.6%
Debt to equity ratio
US$753.83m
Debt
| Interest coverage ratio | 4.7x |
| Cash | US$358.08m |
| Equity | US$2.83b |
| Total liabilities | US$1.07b |
| Total assets | US$3.90b |
Recent financial health updates
Here's Why Nickel Industries (ASX:NIC) Can Manage Its Debt Responsibly
Dec 09
We Think Nickel Industries (ASX:NIC) Can Stay On Top Of Its Debt
May 12Does Nickel Industries (ASX:NIC) Have A Healthy Balance Sheet?
Dec 21Recent updates
Here's Why Nickel Industries (ASX:NIC) Can Manage Its Debt Responsibly
Dec 09Earnings Tell The Story For Nickel Industries Limited (ASX:NIC)
Sep 23Here's Why Nickel Industries Limited's (ASX:NIC) CEO Might See A Pay Rise Soon
May 24We Think Nickel Industries (ASX:NIC) Can Stay On Top Of Its Debt
May 12A 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 28Financial Position Analysis
Short Term Liabilities: NIC's short term assets ($893.3M) exceed its short term liabilities ($248.8M).
Long Term Liabilities: NIC's short term assets ($893.3M) exceed its long term liabilities ($820.3M).
Debt to Equity History and Analysis
Debt Level: NIC's net debt to equity ratio (14%) is considered satisfactory.
Reducing Debt: NIC's debt to equity ratio has increased from 0.9% to 26.6% over the past 5 years.
Debt Coverage: NIC's debt is well covered by operating cash flow (47.8%).
Interest Coverage: NIC's interest payments on its debt are well covered by EBIT (4.7x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/26 15:13 |
| End of Day Share Price | 2024/12/24 00:00 |
| Earnings | 2024/06/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Nickel Industries Limited is covered by 13 analysts. 9 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Taylor Guyot | Barrenjoey Markets Pty Limited |
| David Coates | Bell Potter |
| David Gagliano | BMO Capital Markets Equity Research |