Nichols Balance Sheet Health
Financial Health criteria checks 6/6
Nichols has a total shareholder equity of £97.3M and total debt of £0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are £131.0M and £33.6M respectively. Nichols's EBIT is £22.3M making its interest coverage ratio -11.3. It has cash and short-term investments of £67.0M.
Key information
0%
Debt to equity ratio
UK£0
Debt
Interest coverage ratio | -11.3x |
Cash | UK£67.03m |
Equity | UK£97.34m |
Total liabilities | UK£33.62m |
Total assets | UK£130.96m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: NRV's short term assets (£117.2M) exceed its short term liabilities (£31.0M).
Long Term Liabilities: NRV's short term assets (£117.2M) exceed its long term liabilities (£2.6M).
Debt to Equity History and Analysis
Debt Level: NRV is debt free.
Reducing Debt: NRV has not had any debt for past 5 years.
Debt Coverage: NRV has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: NRV has no debt, therefore coverage of interest payments is not a concern.