NFI Group Balance Sheet Health
Financial Health criteria checks 4/6
NFI Group has a total shareholder equity of $417.9M and total debt of $1.1B, which brings its debt-to-equity ratio to 274.4%. Its total assets and total liabilities are $3.0B and $2.6B respectively.
Key information
274.38%
Debt to equity ratio
US$1.15b
Debt
| Interest coverage ratio | n/a |
| Cash | US$72.65m |
| Equity | US$417.93m |
| Total liabilities | US$2.62b |
| Total assets | US$3.03b |
Recent financial health updates
Here's Why NFI Group (TSE:NFI) Has A Meaningful Debt Burden
Jun 21
Does NFI Group (TSE:NFI) Have A Healthy Balance Sheet?
Jun 18Health Check: How Prudently Does NFI Group (TSE:NFI) Use Debt?
Jan 19Is NFI Group (TSE:NFI) Using Debt Sensibly?
Sep 29NFI Group (TSE:NFI) Has Debt But No Earnings; Should You Worry?
Jan 05Is NFI Group (TSE:NFI) A Risky Investment?
Sep 30Recent updates
NFI Group Inc. (TSE:NFI) Screens Well But There Might Be A Catch
Sep 15Here's Why NFI Group (TSE:NFI) Has A Meaningful Debt Burden
Jun 21A Piece Of The Puzzle Missing From NFI Group Inc.'s (TSE:NFI) 28% Share Price Climb
May 10
Record Backlog And Diverse Bus Models Will Drive Production Efficiency
Strong order backlog and propulsion-agnostic strategy position the company for revenue growth and market share capture across changing demand types.Investors Still Aren't Entirely Convinced By NFI Group Inc.'s (TSE:NFI) Revenues Despite 35% Price Jump
Mar 15NFI Group (TSE:NFI) Could Be At Risk Of Shrinking As A Company
Mar 11Sentiment Still Eluding NFI Group Inc. (TSE:NFI)
Jan 28NFI Group Inc.'s (TSE:NFI) Intrinsic Value Is Potentially 77% Above Its Share Price
Dec 07Investors Continue Waiting On Sidelines For NFI Group Inc. (TSE:NFI)
Oct 07Does NFI Group (TSE:NFI) Have A Healthy Balance Sheet?
Jun 18A Piece Of The Puzzle Missing From NFI Group Inc.'s (TSE:NFI) 41% Share Price Climb
May 23Investors Holding Back On NFI Group Inc. (TSE:NFI)
Mar 28Health Check: How Prudently Does NFI Group (TSE:NFI) Use Debt?
Jan 19NFI Group Inc. (TSE:NFI) Screens Well But There Might Be A Catch
Dec 22Is NFI Group (TSE:NFI) Using Debt Sensibly?
Sep 29NFI Group (TSE:NFI) Has Debt But No Earnings; Should You Worry?
Jan 05NFI Group Inc. (TSE:NFI) Shares Could Be 49% Below Their Intrinsic Value Estimate
Nov 12Is NFI Group (TSE:NFI) A Risky Investment?
Sep 30Is It Time To Consider Buying NFI Group Inc. (TSE:NFI)?
Aug 24Financial Position Analysis
Short Term Liabilities: NFI's short term assets ($1.6B) exceed its short term liabilities ($1.1B).
Long Term Liabilities: NFI's short term assets ($1.6B) exceed its long term liabilities ($1.5B).
Debt to Equity History and Analysis
Debt Level: NFI's net debt to equity ratio (257%) is considered high.
Reducing Debt: NFI's debt to equity ratio has increased from 194.2% to 274.4% 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: Whilst unprofitable NFI has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: NFI is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 26.3% per year.
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/11/12 21:50 |
| End of Day Share Price | 2025/11/12 00:00 |
| Earnings | 2025/09/28 |
| Annual Earnings | 2024/12/29 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
NFI Group Inc. is covered by 11 analysts. 6 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Christopher Murray | ATB Capital Markets |
| Tamy Chen | BMO Capital Markets Equity Research |
| John Gibson | BMO Capital Markets Equity Research |