NICE Balance Sheet Health
Financial Health criteria checks 6/6
NICE has a total shareholder equity of $3.6B and total debt of $458.4M, which brings its debt-to-equity ratio to 12.8%. Its total assets and total liabilities are $5.2B and $1.6B respectively. NICE's EBIT is $512.3M making its interest coverage ratio -11.5. It has cash and short-term investments of $1.5B.
Key information
12.8%
Debt to equity ratio
US$458.36m
Debt
| Interest coverage ratio | -11.5x |
| Cash | US$1.53b |
| Equity | US$3.58b |
| Total liabilities | US$1.61b |
| Total assets | US$5.19b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: N1IC34's short term assets ($2.4B) exceed its short term liabilities ($1.4B).
Long Term Liabilities: N1IC34's short term assets ($2.4B) exceed its long term liabilities ($183.6M).
Debt to Equity History and Analysis
Debt Level: N1IC34 has more cash than its total debt.
Reducing Debt: N1IC34's debt to equity ratio has reduced from 21.2% to 12.8% over the past 5 years.
Debt Coverage: N1IC34's debt is well covered by operating cash flow (166.6%).
Interest Coverage: N1IC34 earns more interest than it pays, so coverage of interest payments is not a concern.