nib holdings Balance Sheet Health
Financial Health criteria checks 6/6
nib holdings has a total shareholder equity of A$1.0B and total debt of A$246.2M, which brings its debt-to-equity ratio to 23.7%. Its total assets and total liabilities are A$2.0B and A$1.0B respectively. nib holdings's EBIT is A$336.5M making its interest coverage ratio 153. It has cash and short-term investments of A$1.3B.
Key information
23.7%
Debt to equity ratio
AU$246.20m
Debt
Interest coverage ratio | 153x |
Cash | AU$1.28b |
Equity | AU$1.04b |
Total liabilities | AU$1.00b |
Total assets | AU$2.04b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 3GU's short term assets (A$1.4B) exceed its short term liabilities (A$634.7M).
Long Term Liabilities: 3GU's short term assets (A$1.4B) exceed its long term liabilities (A$366.6M).
Debt to Equity History and Analysis
Debt Level: 3GU has more cash than its total debt.
Reducing Debt: 3GU's debt to equity ratio has reduced from 38.7% to 23.7% over the past 5 years.
Debt Coverage: 3GU's debt is well covered by operating cash flow (123.6%).
Interest Coverage: 3GU's interest payments on its debt are well covered by EBIT (153x coverage).