Nickel Industries Balance Sheet Health
Financial Health criteria checks 5/6
Nickel Industries has a total shareholder equity of $2.8B and total debt of $753.8M, which brings its debt-to-equity ratio to 26.6%. Its total assets and total liabilities are $3.9B and $1.1B respectively. Nickel Industries's EBIT is $247.2M making its interest coverage ratio 4.7. It has cash and short-term investments of $358.1M.
Key information
26.6%
Debt to equity ratio
US$753.83m
Debt
| Interest coverage ratio | 4.7x |
| Cash | US$358.08m |
| Equity | US$2.83b |
| Total liabilities | US$1.07b |
| Total assets | US$3.90b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: NM5's short term assets ($893.3M) exceed its short term liabilities ($248.8M).
Long Term Liabilities: NM5's short term assets ($893.3M) exceed its long term liabilities ($820.3M).
Debt to Equity History and Analysis
Debt Level: NM5's net debt to equity ratio (14%) is considered satisfactory.
Reducing Debt: NM5's debt to equity ratio has increased from 0.9% to 26.6% over the past 5 years.
Debt Coverage: NM5's debt is well covered by operating cash flow (47.8%).
Interest Coverage: NM5's interest payments on its debt are well covered by EBIT (4.7x coverage).