NEXTDC Balance Sheet Health
Financial Health criteria checks 5/6
NEXTDC has a total shareholder equity of A$3.6B and total debt of A$1.4B, which brings its debt-to-equity ratio to 38.6%. Its total assets and total liabilities are A$5.2B and A$1.6B respectively. NEXTDC's EBIT is A$28.5M making its interest coverage ratio 0.5. It has cash and short-term investments of A$1.2B.
Key information
38.6%
Debt to equity ratio
AU$1.38b
Debt
| Interest coverage ratio | 0.5x |
| Cash | AU$1.24b |
| Equity | AU$3.57b |
| Total liabilities | AU$1.65b |
| Total assets | AU$5.22b |
Recent financial health updates
Does NEXTDC (ASX:NXT) Have A Healthy Balance Sheet?
Oct 09
NEXTDC (ASX:NXT) Has A Somewhat Strained Balance Sheet
May 10These 4 Measures Indicate That NEXTDC (ASX:NXT) Is Using Debt Extensively
Sep 21Is NEXTDC (ASX:NXT) Using Too Much Debt?
Sep 16Here's Why NEXTDC (ASX:NXT) Has A Meaningful Debt Burden
Jun 17Recent updates
Here's What's Concerning About NEXTDC's (ASX:NXT) Returns On Capital
Aug 28AU$17.37 - That's What Analysts Think NEXTDC Limited (ASX:NXT) Is Worth After These Results
Feb 29NEXTDC Limited's (ASX:NXT) Shareholders Might Be Looking For Exit
Feb 22There Are Reasons To Feel Uneasy About NEXTDC's (ASX:NXT) Returns On Capital
Dec 12Does NEXTDC (ASX:NXT) Have A Healthy Balance Sheet?
Oct 09NEXTDC's (ASX:NXT) Returns On Capital Not Reflecting Well On The Business
Sep 13NEXTDC (ASX:NXT) Has A Somewhat Strained Balance Sheet
May 10NEXTDC (ASX:NXT) Might Be Having Difficulty Using Its Capital Effectively
Jan 12This Is Why We Think NEXTDC Limited's (ASX:NXT) CEO Might Get A Pay Rise Approved By Shareholders
Nov 11These 4 Measures Indicate That NEXTDC (ASX:NXT) Is Using Debt Extensively
Sep 21NEXTDC's (ASX:NXT) Returns On Capital Not Reflecting Well On The Business
Jul 27NEXTDC (ASX:NXT) Is Reinvesting At Lower Rates Of Return
Apr 27We Think That There Are Issues Underlying NEXTDC's (ASX:NXT) Earnings
Mar 02Some Investors May Be Worried About NEXTDC's (ASX:NXT) Returns On Capital
Dec 13Is NEXTDC (ASX:NXT) Using Too Much Debt?
Sep 16Returns Are Gaining Momentum At NEXTDC (ASX:NXT)
Aug 08Here's Why NEXTDC (ASX:NXT) Has A Meaningful Debt Burden
Jun 17NEXTDC (ASX:NXT) Might Have The Makings Of A Multi-Bagger
May 06NEXTDC Limited (ASX:NXT) Insiders Increased Their Holdings
Mar 19NEXTDC Limited (ASX:NXT) Just Released Its Interim Earnings: Here's What Analysts Think
Feb 26Did The Underlying Business Drive NEXTDC's (ASX:NXT) Lovely 379% Share Price Gain?
Feb 18
Will The ROCE Trend At NEXTDC (ASX:NXT) Continue?
Jan 28Is NEXTDC Limited (ASX:NXT) Popular Amongst Institutions?
Jan 07Have Insiders Been Buying NEXTDC Limited (ASX:NXT) Shares?
Dec 17A Look At NEXTDC's (ASX:NXT) CEO Remuneration
Nov 29What Kind Of Shareholders Hold The Majority In NEXTDC Limited's (ASX:NXT) Shares?
Sep 01Financial Position Analysis
Short Term Liabilities: NXT's short term assets (A$1.3B) exceed its short term liabilities (A$150.6M).
Long Term Liabilities: NXT's short term assets (A$1.3B) do not cover its long term liabilities (A$1.5B).
Debt to Equity History and Analysis
Debt Level: NXT's net debt to equity ratio (3.9%) is considered satisfactory.
Reducing Debt: NXT's debt to equity ratio has reduced from 90.7% to 38.6% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: NXT has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: NXT has sufficient cash runway for 1.1 years if free cash flow continues to reduce at historical rates of 15% each year.