Nexteq Balance Sheet Health
Financial Health criteria checks 6/6
Nexteq has a total shareholder equity of $82.3M and total debt of $473.0K, which brings its debt-to-equity ratio to 0.6%. Its total assets and total liabilities are $102.9M and $20.5M respectively. Nexteq's EBIT is $12.1M making its interest coverage ratio -25.3. It has cash and short-term investments of $28.4M.
Key information
0.6%
Debt to equity ratio
US$473.00k
Debt
| Interest coverage ratio | -25.3x |
| Cash | US$28.41m |
| Equity | US$82.35m |
| Total liabilities | US$20.51m |
| Total assets | US$102.86m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: R87's short term assets ($78.6M) exceed its short term liabilities ($18.7M).
Long Term Liabilities: R87's short term assets ($78.6M) exceed its long term liabilities ($1.8M).
Debt to Equity History and Analysis
Debt Level: R87 has more cash than its total debt.
Reducing Debt: R87's debt to equity ratio has reduced from 2.3% to 0.6% over the past 5 years.
Debt Coverage: R87's debt is well covered by operating cash flow (4176.5%).
Interest Coverage: R87 earns more interest than it pays, so coverage of interest payments is not a concern.