NewtekOne Balance Sheet Health
Financial Health criteria checks 2/6
NewtekOne has a total shareholder equity of $281.8M and total debt of $655.8M, which brings its debt-to-equity ratio to 232.7%. Its total assets and total liabilities are $1.7B and $1.4B respectively. NewtekOne's EBIT is $148.7M making its interest coverage ratio 1.9. It has cash and short-term investments of $162.5M.
Key information
232.7%
Debt to equity ratio
US$655.83m
Debt
| Interest coverage ratio | 1.9x |
| Cash | US$162.49m |
| Equity | US$281.79m |
| Total liabilities | US$1.39b |
| Total assets | US$1.67b |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 1N31's short term assets ($1.4B) exceed its short term liabilities ($61.9M).
Long Term Liabilities: 1N31's short term assets ($1.4B) exceed its long term liabilities ($1.3B).
Debt to Equity History and Analysis
Debt Level: 1N31's net debt to equity ratio (175.1%) is considered high.
Reducing Debt: 1N31's debt to equity ratio has increased from 130.9% to 232.7% 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 (1.9x coverage).