NTG Clarity Networks Balance Sheet Health
Financial Health criteria checks 2/6
NTG Clarity Networks has a total shareholder equity of CA$-4.8M and total debt of CA$7.4M, which brings its debt-to-equity ratio to -152.2%. Its total assets and total liabilities are CA$11.3M and CA$16.2M respectively. NTG Clarity Networks's EBIT is CA$3.4M making its interest coverage ratio 13.2. It has cash and short-term investments of CA$430.1K.
Key information
-152.2%
Debt to equity ratio
CA$7.37m
Debt
| Interest coverage ratio | 13.2x |
| Cash | CA$430.09k |
| Equity | -CA$4.84m |
| Total liabilities | CA$16.17m |
| Total assets | CA$11.33m |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: NCI has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: NCI has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.
Debt to Equity History and Analysis
Debt Level: NCI has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: NCI's has negative shareholder equity, so we do not need to check if its debt has reduced over time.
Debt Coverage: NCI's debt is well covered by operating cash flow (34%).
Interest Coverage: NCI's interest payments on its debt are well covered by EBIT (13.2x coverage).