Nordson Balance Sheet Health
Financial Health criteria checks 4/6
Nordson has a total shareholder equity of $2.8B and total debt of $1.5B, which brings its debt-to-equity ratio to 55%. Its total assets and total liabilities are $5.2B and $2.4B respectively. Nordson's EBIT is $692.2M making its interest coverage ratio 9.1. It has cash and short-term investments of $125.4M.
Key information
55.0%
Debt to equity ratio
US$1.53b
Debt
Interest coverage ratio | 9.1x |
Cash | US$125.45m |
Equity | US$2.79b |
Total liabilities | US$2.38b |
Total assets | US$5.17b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ND1's short term assets ($1.2B) exceed its short term liabilities ($536.0M).
Long Term Liabilities: ND1's short term assets ($1.2B) do not cover its long term liabilities ($1.8B).
Debt to Equity History and Analysis
Debt Level: ND1's net debt to equity ratio (50.5%) is considered high.
Reducing Debt: ND1's debt to equity ratio has reduced from 93.4% to 55% over the past 5 years.
Debt Coverage: ND1's debt is well covered by operating cash flow (42.3%).
Interest Coverage: ND1's interest payments on its debt are well covered by EBIT (9.1x coverage).