NFI Group Balance Sheet Health
Financial Health criteria checks 3/6
NFI Group has a total shareholder equity of $699.7M and total debt of $1.1B, which brings its debt-to-equity ratio to 153%. Its total assets and total liabilities are $2.9B and $2.2B respectively. NFI Group's EBIT is $99.1M making its interest coverage ratio 0.7. It has cash and short-term investments of $59.7M.
Key information
153.0%
Debt to equity ratio
US$1.07b
Debt
| Interest coverage ratio | 0.7x |
| Cash | US$59.72m |
| Equity | US$699.72m |
| Total liabilities | US$2.21b |
| Total assets | US$2.91b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 9NF's short term assets ($1.5B) exceed its short term liabilities ($884.8M).
Long Term Liabilities: 9NF's short term assets ($1.5B) exceed its long term liabilities ($1.3B).
Debt to Equity History and Analysis
Debt Level: 9NF's net debt to equity ratio (144.5%) is considered high.
Reducing Debt: 9NF's debt to equity ratio has reduced from 155.2% to 153% over the past 5 years.
Debt Coverage: 9NF's debt is not well covered by operating cash flow (4.9%).
Interest Coverage: 9NF's interest payments on its debt are not well covered by EBIT (0.7x coverage).