Nine Entertainment Holdings Financial Health
How is Nine Entertainment Holdings's financial position?
Financial Health Score3/6
Financial Health Score 3/6
Short Term Liabilities
Long Term Liabilities
Financial Position Analysis
Short Term Liabilities: NEC's short term assets (A$892.8M) do not cover its short term liabilities (A$907.5M).
Long Term Liabilities: NEC's short term assets (A$892.8M) do not cover its long term liabilities (A$1.2B).
Debt to Equity History and Analysis
Debt Level: NEC's net debt to equity ratio (15.7%) is considered satisfactory.
Reducing Debt: NEC's debt to equity ratio has increased from 17.9% to 23.1% over the past 5 years.
Debt Coverage: NEC's debt is well covered by operating cash flow (102%).
Interest Coverage: NEC's interest payments on its debt are well covered by EBIT (20.7x coverage).