NextGen Healthcare Balance Sheet Health
Financial Health criteria checks 4/6
NextGen Healthcare has a total shareholder equity of $423.3M and total debt of $267.6M, which brings its debt-to-equity ratio to 63.2%. Its total assets and total liabilities are $857.8M and $434.5M respectively. NextGen Healthcare's EBIT is $45.1M making its interest coverage ratio 8.1. It has cash and short-term investments of $200.3M.
Key information
63.2%
Debt to equity ratio
US$267.57m
Debt
| Interest coverage ratio | 8.1x |
| Cash | US$200.30m |
| Equity | US$423.28m |
| Total liabilities | US$434.48m |
| Total assets | US$857.75m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: QY1's short term assets ($362.8M) exceed its short term liabilities ($143.9M).
Long Term Liabilities: QY1's short term assets ($362.8M) exceed its long term liabilities ($290.6M).
Debt to Equity History and Analysis
Debt Level: QY1's net debt to equity ratio (15.9%) is considered satisfactory.
Reducing Debt: QY1's debt to equity ratio has increased from 11.8% to 63.2% over the past 5 years.
Debt Coverage: QY1's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: QY1's interest payments on its debt are well covered by EBIT (8.1x coverage).