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
No updates
Recent updates
Financial 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.