NewtekOne Balance Sheet Health
Financial Health criteria checks 2/6
NewtekOne has a total shareholder equity of $249.0M and total debt of $1.1B, which brings its debt-to-equity ratio to 442.2%. Its total assets and total liabilities are $1.4B and $1.2B respectively. NewtekOne's EBIT is $122.8M making its interest coverage ratio 1.8. It has cash and short-term investments of $153.1M.
Key information
442.2%
Debt to equity ratio
US$1.10b
Debt
Interest coverage ratio | 1.8x |
Cash | US$153.09m |
Equity | US$249.05m |
Total liabilities | US$1.18b |
Total assets | US$1.43b |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 1N31's short term assets ($1.2B) exceed its short term liabilities ($38.5M).
Long Term Liabilities: 1N31's short term assets ($1.2B) exceed its long term liabilities ($1.1B).
Debt to Equity History and Analysis
Debt Level: 1N31's net debt to equity ratio (380.8%) is considered high.
Reducing Debt: 1N31's debt to equity ratio has increased from 115.4% to 442.2% over the past 5 years.
Debt Coverage: 1N31's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 1N31's interest payments on its debt are not well covered by EBIT (1.8x coverage).