NexLiving Communities Balance Sheet Health
Financial Health criteria checks 0/6
NexLiving Communities has a total shareholder equity of CA$133.9M and total debt of CA$314.8M, which brings its debt-to-equity ratio to 235.1%. Its total assets and total liabilities are CA$460.4M and CA$326.5M respectively. NexLiving Communities's EBIT is CA$10.4M making its interest coverage ratio 1.5. It has cash and short-term investments of CA$8.2M.
Key information
235.1%
Debt to equity ratio
CA$314.84m
Debt
| Interest coverage ratio | 1.5x |
| Cash | CA$8.24m |
| Equity | CA$133.91m |
| Total liabilities | CA$326.49m |
| Total assets | CA$460.40m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: NMX0's short term assets (CA$11.0M) do not cover its short term liabilities (CA$50.2M).
Long Term Liabilities: NMX0's short term assets (CA$11.0M) do not cover its long term liabilities (CA$276.3M).
Debt to Equity History and Analysis
Debt Level: NMX0's net debt to equity ratio (229%) is considered high.
Reducing Debt: NMX0's debt to equity ratio has increased from 207.4% to 235.1% over the past 5 years.
Debt Coverage: NMX0's debt is not well covered by operating cash flow (3.1%).
Interest Coverage: NMX0's interest payments on its debt are not well covered by EBIT (1.5x coverage).