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
No updates
Recent updates
Financial 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).