Nine Entertainment Holdings Balance Sheet Health
Financial Health criteria checks 4/6
Nine Entertainment Holdings has a total shareholder equity of A$1.9B and total debt of A$672.4M, which brings its debt-to-equity ratio to 35.6%. Its total assets and total liabilities are A$4.0B and A$2.2B respectively. Nine Entertainment Holdings's EBIT is A$398.8M making its interest coverage ratio 6.7. It has cash and short-term investments of A$134.0M.
Key information
35.6%
Debt to equity ratio
AU$672.39m
Debt
Interest coverage ratio | 6.7x |
Cash | AU$134.01m |
Equity | AU$1.89b |
Total liabilities | AU$2.16b |
Total assets | AU$4.04b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: NEE's short term assets (A$926.6M) exceed its short term liabilities (A$849.1M).
Long Term Liabilities: NEE's short term assets (A$926.6M) do not cover its long term liabilities (A$1.3B).
Debt to Equity History and Analysis
Debt Level: NEE's net debt to equity ratio (28.5%) is considered satisfactory.
Reducing Debt: NEE's debt to equity ratio has increased from 22.7% to 35.6% over the past 5 years.
Debt Coverage: NEE's debt is well covered by operating cash flow (59.1%).
Interest Coverage: NEE's interest payments on its debt are well covered by EBIT (6.7x coverage).