Norte Grande Balance Sheet Health
Financial Health criteria checks 4/6
Norte Grande has a total shareholder equity of $2.4B and total debt of $384.4M, which brings its debt-to-equity ratio to 16.1%. Its total assets and total liabilities are $2.9B and $501.3M respectively. Norte Grande's EBIT is $902.0K making its interest coverage ratio 0. It has cash and short-term investments of $109.4M.
Key information
16.1%
Debt to equity ratio
US$384.41m
Debt
Interest coverage ratio | 0.05x |
Cash | US$109.44m |
Equity | US$2.39b |
Total liabilities | US$501.28m |
Total assets | US$2.89b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: NORTEGRAN's short term assets ($172.0M) exceed its short term liabilities ($101.6M).
Long Term Liabilities: NORTEGRAN's short term assets ($172.0M) do not cover its long term liabilities ($399.7M).
Debt to Equity History and Analysis
Debt Level: NORTEGRAN's net debt to equity ratio (11.5%) is considered satisfactory.
Reducing Debt: NORTEGRAN's debt to equity ratio has reduced from 66.2% to 16.1% over the past 5 years.
Debt Coverage: NORTEGRAN's debt is well covered by operating cash flow (104.4%).
Interest Coverage: NORTEGRAN's interest payments on its debt are not well covered by EBIT (0x coverage).