Newmark Group Balance Sheet Health
Financial Health criteria checks 4/6
Newmark Group has a total shareholder equity of $1.6B and total debt of $1.0B, which brings its debt-to-equity ratio to 65.6%. Its total assets and total liabilities are $4.5B and $2.9B respectively. Newmark Group's EBIT is $131.4M making its interest coverage ratio 6. It has cash and short-term investments of $165.0M.
Key information
65.6%
Debt to equity ratio
US$1.05b
Debt
Interest coverage ratio | 6x |
Cash | US$164.99m |
Equity | US$1.59b |
Total liabilities | US$2.88b |
Total assets | US$4.47b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: NMB's short term assets ($1.5B) exceed its short term liabilities ($1.5B).
Long Term Liabilities: NMB's short term assets ($1.5B) exceed its long term liabilities ($1.4B).
Debt to Equity History and Analysis
Debt Level: NMB's net debt to equity ratio (55.2%) is considered high.
Reducing Debt: NMB's debt to equity ratio has reduced from 139.5% to 65.6% over the past 5 years.
Debt Coverage: NMB's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: NMB's interest payments on its debt are well covered by EBIT (6x coverage).