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
We Think Nickel Industries (ASX:NIC) Can Stay On Top Of Its Debt
May 12
Does Nickel Industries (ASX:NIC) Have A Healthy Balance Sheet?
Dec 21Recent updates
Earnings 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 28Nickel Mines (ASX:NIC) Is Due To Pay A Dividend Of AU$0.02
Jan 30Financial 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).