NMI Holdings Balance Sheet Health
Financial Health criteria checks 4/6
NMI Holdings has a total shareholder equity of $2.0B and total debt of $398.0M, which brings its debt-to-equity ratio to 20.1%. Its total assets and total liabilities are $3.0B and $1.0B respectively. NMI Holdings's EBIT is $463.3M making its interest coverage ratio 14.4. It has cash and short-term investments of $139.7M.
Key information
20.1%
Debt to equity ratio
US$398.00m
Debt
Interest coverage ratio | 14.4x |
Cash | US$139.73m |
Equity | US$1.98b |
Total liabilities | US$1.03b |
Total assets | US$3.01b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 6NM's short term assets ($498.1M) exceed its short term liabilities ($294.8M).
Long Term Liabilities: 6NM's short term assets ($498.1M) do not cover its long term liabilities ($732.9M).
Debt to Equity History and Analysis
Debt Level: 6NM's net debt to equity ratio (13.1%) is considered satisfactory.
Reducing Debt: 6NM's debt to equity ratio has increased from 19.5% to 20.1% over the past 5 years.
Debt Coverage: 6NM's debt is well covered by operating cash flow (86.1%).
Interest Coverage: 6NM's interest payments on its debt are well covered by EBIT (14.4x coverage).