NTG Clarity Networks Balance Sheet Health
Financial Health criteria checks 4/6
NTG Clarity Networks has a total shareholder equity of CA$1.8M and total debt of CA$8.2M, which brings its debt-to-equity ratio to 450.9%. Its total assets and total liabilities are CA$18.8M and CA$17.0M respectively. NTG Clarity Networks's EBIT is CA$4.8M making its interest coverage ratio 12.8. It has cash and short-term investments of CA$381.8K.
Key information
450.9%
Debt to equity ratio
CA$8.23m
Debt
| Interest coverage ratio | 12.8x |
| Cash | CA$381.79k |
| Equity | CA$1.82m |
| Total liabilities | CA$16.98m |
| Total assets | CA$18.81m |
Recent financial health updates
Recent updates
NTG Clarity Networks Inc. (CVE:NCI) Stock's 30% Dive Might Signal An Opportunity But It Requires Some Scrutiny
Sep 29
Here's Why We Think NTG Clarity Networks (CVE:NCI) Might Deserve Your Attention Today
Sep 09NTG Clarity Networks' (CVE:NCI) Earnings Might Be Weaker Than You Think
Aug 05The Market Lifts NTG Clarity Networks Inc. (CVE:NCI) Shares 44% But It Can Do More
Aug 01We Think NTG Clarity Networks (CVE:NCI) Can Stay On Top Of Its Debt
Jul 31NTG Clarity Networks Inc.'s (CVE:NCI) Shares Bounce 47% But Its Business Still Trails The Market
May 31Here's Why We Think NTG Clarity Networks (CVE:NCI) Might Deserve Your Attention Today
May 21NTG Clarity Networks Inc. (CVE:NCI) Stock Catapults 33% Though Its Price And Business Still Lag The Market
Mar 18Calculating The Fair Value Of NTG Clarity Networks Inc. (CVE:NCI)
May 31Financial Position Analysis
Short Term Liabilities: NCI's short term assets (CA$13.3M) exceed its short term liabilities (CA$10.6M).
Long Term Liabilities: NCI's short term assets (CA$13.3M) exceed its long term liabilities (CA$6.4M).
Debt to Equity History and Analysis
Debt Level: NCI's net debt to equity ratio (430%) is considered high.
Reducing Debt: NCI had negative shareholder equity 5 years ago, but is now positive and has therefore improved.
Debt Coverage: NCI's debt is not well covered by operating cash flow (19.7%).
Interest Coverage: NCI's interest payments on its debt are well covered by EBIT (12.8x coverage).