NTAW Holdings Balance Sheet Health
Financial Health criteria checks 3/6
NTAW Holdings has a total shareholder equity of A$117.3M and total debt of A$91.1M, which brings its debt-to-equity ratio to 77.6%. Its total assets and total liabilities are A$413.1M and A$295.8M respectively. NTAW Holdings's EBIT is A$13.6M making its interest coverage ratio 1.3. It has cash and short-term investments of A$39.1M.
Key information
77.6%
Debt to equity ratio
AU$91.06m
Debt
| Interest coverage ratio | 1.3x |
| Cash | AU$39.11m |
| Equity | AU$117.30m |
| Total liabilities | AU$295.80m |
| Total assets | AU$413.10m |
Recent financial health updates
NTAW Holdings (ASX:NTD) Takes On Some Risk With Its Use Of Debt
Aug 29
Here's Why National Tyre & Wheel (ASX:NTD) Has A Meaningful Debt Burden
Mar 21We Think National Tyre & Wheel (ASX:NTD) Is Taking Some Risk With Its Debt
Oct 30Is National Tyre & Wheel (ASX:NTD) Using Too Much Debt?
Jun 28Does National Tyre & Wheel (ASX:NTD) Have A Healthy Balance Sheet?
Dec 24Here's Why National Tyre & Wheel (ASX:NTD) Can Manage Its Debt Responsibly
Apr 11Recent updates
NTAW Holdings (ASX:NTD) Takes On Some Risk With Its Use Of Debt
Aug 29Little Excitement Around NTAW Holdings Limited's (ASX:NTD) Earnings
Jun 19Here's Why National Tyre & Wheel (ASX:NTD) Has A Meaningful Debt Burden
Mar 21Getting In Cheap On National Tyre & Wheel Limited (ASX:NTD) Might Be Difficult
Feb 07We Think National Tyre & Wheel (ASX:NTD) Is Taking Some Risk With Its Debt
Oct 30Is National Tyre & Wheel (ASX:NTD) Using Too Much Debt?
Jun 28Does National Tyre & Wheel (ASX:NTD) Have A Healthy Balance Sheet?
Dec 24National Tyre & Wheel (ASX:NTD) Will Pay A Smaller Dividend Than Last Year
Sep 02Why National Tyre & Wheel Limited (ASX:NTD) Could Be Worth Watching
Jul 27National Tyre & Wheel's (ASX:NTD) Dividend Will Be AU$0.03
Feb 24What Does National Tyre & Wheel Limited's (ASX:NTD) Share Price Indicate?
Feb 23National Tyre & Wheel Limited's (ASX:NTD) CEO Compensation Is Looking A Bit Stretched At The Moment
Oct 27At AU$0.94, Is It Time To Put National Tyre & Wheel Limited (ASX:NTD) On Your Watch List?
May 05Here's Why National Tyre & Wheel (ASX:NTD) Can Manage Its Debt Responsibly
Apr 11Should You Be Adding National Tyre & Wheel (ASX:NTD) To Your Watchlist Today?
Mar 25Is It Smart To Buy National Tyre & Wheel Limited (ASX:NTD) Before It Goes Ex-Dividend?
Mar 07National Tyre & Wheel (ASX:NTD) Shareholders Have Enjoyed An Impressive 160% Share Price Gain
Feb 19Should You Think About Buying National Tyre & Wheel Limited (ASX:NTD) Now?
Feb 01Is National Tyre & Wheel Limited's (ASX:NTD) Recent Stock Performance Influenced By Its Fundamentals In Any Way?
Jan 14Here's Why National Tyre & Wheel (ASX:NTD) Can Manage Its Debt Responsibly
Dec 27
How Is National Tyre & Wheel's (ASX:NTD) CEO Paid Relative To Peers?
Dec 12Does National Tyre & Wheel's (ASX:NTD) Statutory Profit Adequately Reflect Its Underlying Profit?
Nov 24Are National Tyre & Wheel's (ASX:NTD) Statutory Earnings A Good Guide To Its Underlying Profitability?
Aug 26A Look At The Intrinsic Value Of National Tyre & Wheel Limited (ASX:NTD)
Aug 07Will National Tyre & Wheel (ASX:NTD) Multiply In Value Going Forward?
Jul 03Financial Position Analysis
Short Term Liabilities: NTD's short term assets (A$268.1M) exceed its short term liabilities (A$137.9M).
Long Term Liabilities: NTD's short term assets (A$268.1M) exceed its long term liabilities (A$157.9M).
Debt to Equity History and Analysis
Debt Level: NTD's net debt to equity ratio (44.3%) is considered high.
Reducing Debt: NTD's debt to equity ratio has increased from 18.5% to 77.6% over the past 5 years.
Debt Coverage: NTD's debt is well covered by operating cash flow (38.7%).
Interest Coverage: NTD's interest payments on its debt are not well covered by EBIT (1.3x coverage).