Nuvei Balance Sheet Health
Financial Health criteria checks 4/6
Nuvei has a total shareholder equity of $2.1B and total debt of $1.2B, which brings its debt-to-equity ratio to 58.9%. Its total assets and total liabilities are $5.2B and $3.1B respectively. Nuvei's EBIT is $204.4M making its interest coverage ratio 1.6. It has cash and short-term investments of $138.7M.
Key information
58.9%
Debt to equity ratio
US$1.23b
Debt
| Interest coverage ratio | 1.6x |
| Cash | US$138.72m |
| Equity | US$2.10b |
| Total liabilities | US$3.13b |
| Total assets | US$5.22b |
Recent financial health updates
Recent updates
Nuvei Corporation (TSE:NVEI) Doing What It Can To Lift Shares
Feb 28
A Piece Of The Puzzle Missing From Nuvei Corporation's (TSE:NVEI) 26% Share Price Climb
Nov 14Returns At Nuvei (TSE:NVEI) Are On The Way Up
Oct 04Statutory Profit Doesn't Reflect How Good Nuvei's (TSE:NVEI) Earnings Are
Aug 17Broker Revenue Forecasts For Nuvei Corporation (TSE:NVEI) Are Surging Higher
Aug 11Financial Position Analysis
Short Term Liabilities: NVEI's short term assets ($1.8B) exceed its short term liabilities ($1.7B).
Long Term Liabilities: NVEI's short term assets ($1.8B) exceed its long term liabilities ($1.4B).
Debt to Equity History and Analysis
Debt Level: NVEI's net debt to equity ratio (52.3%) is considered high.
Reducing Debt: NVEI's debt to equity ratio has reduced from 235.8% to 58.9% over the past 5 years.
Debt Coverage: NVEI's debt is well covered by operating cash flow (20.4%).
Interest Coverage: NVEI's interest payments on its debt are not well covered by EBIT (1.6x coverage).