National Instruments Balance Sheet Health
Financial Health criteria checks 5/6
National Instruments has a total shareholder equity of $1.2B and total debt of $589.4M, which brings its debt-to-equity ratio to 48.4%. Its total assets and total liabilities are $2.4B and $1.1B respectively. National Instruments's EBIT is $290.5M making its interest coverage ratio 9.8. It has cash and short-term investments of $142.7M.
Key information
48.4%
Debt to equity ratio
US$589.37m
Debt
| Interest coverage ratio | 9.8x |
| Cash | US$142.65m |
| Equity | US$1.22b |
| Total liabilities | US$1.15b |
| Total assets | US$2.36b |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: NI1's short term assets ($1.1B) exceed its short term liabilities ($424.4M).
Long Term Liabilities: NI1's short term assets ($1.1B) exceed its long term liabilities ($721.1M).
Debt to Equity History and Analysis
Debt Level: NI1's net debt to equity ratio (36.7%) is considered satisfactory.
Reducing Debt: NI1's debt to equity ratio has increased from 0% to 48.4% over the past 5 years.
Debt Coverage: NI1's debt is well covered by operating cash flow (27.6%).
Interest Coverage: NI1's interest payments on its debt are well covered by EBIT (9.8x coverage).