Newton Resources Balance Sheet Health
Financial Health criteria checks 5/6
Newton Resources has a total shareholder equity of $30.3M and total debt of $14.5M, which brings its debt-to-equity ratio to 47.7%. Its total assets and total liabilities are $109.2M and $78.8M respectively. Newton Resources's EBIT is $3.2M making its interest coverage ratio 39.5. It has cash and short-term investments of $11.8M.
Key information
47.7%
Debt to equity ratio
US$14.48m
Debt
Interest coverage ratio | 39.5x |
Cash | US$11.77m |
Equity | US$30.34m |
Total liabilities | US$78.83m |
Total assets | US$109.17m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 8NW's short term assets ($99.3M) exceed its short term liabilities ($78.8M).
Long Term Liabilities: 8NW has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: 8NW's net debt to equity ratio (8.9%) is considered satisfactory.
Reducing Debt: 8NW's debt to equity ratio has reduced from 78.2% to 47.7% over the past 5 years.
Debt Coverage: 8NW's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 8NW's interest payments on its debt are well covered by EBIT (39.5x coverage).