NexLiving Communities Balance Sheet Health
Financial Health criteria checks 1/6
NexLiving Communities has a total shareholder equity of CA$74.6M and total debt of CA$170.4M, which brings its debt-to-equity ratio to 228.3%. Its total assets and total liabilities are CA$247.2M and CA$172.6M respectively. NexLiving Communities's EBIT is CA$9.2M making its interest coverage ratio 1.4. It has cash and short-term investments of CA$5.3M.
Key information
228.3%
Debt to equity ratio
CA$170.39m
Debt
Interest coverage ratio | 1.4x |
Cash | CA$5.34m |
Equity | CA$74.63m |
Total liabilities | CA$172.59m |
Total assets | CA$247.23m |
Recent financial health updates
We Think NexLiving Communities (CVE:NXLV) Is Taking Some Risk With Its Debt
Jun 01NexLiving Communities (CVE:NXLV) Has A Somewhat Strained Balance Sheet
Sep 01Health Check: How Prudently Does ViveRE Communities (CVE:VCOM) Use Debt?
Dec 04Recent updates
NexLiving Communities Inc.'s (CVE:NXLV) 32% Price Boost Is Out Of Tune With Earnings
Jan 23NexLiving Communities (CVE:NXLV) Is Paying Out A Larger Dividend Than Last Year
Aug 22An Intrinsic Calculation For NexLiving Communities Inc. (CVE:NXLV) Suggests It's 41% Undervalued
Jul 31We Think NexLiving Communities (CVE:NXLV) Is Taking Some Risk With Its Debt
Jun 01Why NexLiving Communities' (CVE:NXLV) Soft Earnings Are Just The Beginning Of Its Problems
Apr 20Investors Don't See Light At End Of NexLiving Communities Inc.'s (CVE:NXLV) Tunnel
Nov 01NexLiving Communities (CVE:NXLV) Has A Somewhat Strained Balance Sheet
Sep 01Jeffrey Dean Is The Independent Director of ViveRE Communities Inc. (CVE:VCOM) And They Just Picked Up 7.5% More Shares
Dec 17Health Check: How Prudently Does ViveRE Communities (CVE:VCOM) Use Debt?
Dec 04Financial Position Analysis
Short Term Liabilities: NXLV's short term assets (CA$6.6M) do not cover its short term liabilities (CA$42.3M).
Long Term Liabilities: NXLV's short term assets (CA$6.6M) do not cover its long term liabilities (CA$130.3M).
Debt to Equity History and Analysis
Debt Level: NXLV's net debt to equity ratio (221.1%) is considered high.
Reducing Debt: NXLV's debt to equity ratio has reduced from 297.8% to 228.3% over the past 5 years.
Debt Coverage: NXLV's debt is not well covered by operating cash flow (2.4%).
Interest Coverage: NXLV's interest payments on its debt are not well covered by EBIT (1.4x coverage).