Norcros Balance Sheet Health
Financial Health criteria checks 6/6
Norcros has a total shareholder equity of £222.4M and total debt of £68.1M, which brings its debt-to-equity ratio to 30.6%. Its total assets and total liabilities are £425.3M and £202.9M respectively. Norcros's EBIT is £42.7M making its interest coverage ratio 5.9. It has cash and short-term investments of £30.8M.
Key information
30.6%
Debt to equity ratio
UK£68.10m
Debt
Interest coverage ratio | 5.9x |
Cash | UK£30.80m |
Equity | UK£222.40m |
Total liabilities | UK£202.90m |
Total assets | UK£425.30m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: NXRl's short term assets (£200.8M) exceed its short term liabilities (£99.2M).
Long Term Liabilities: NXRl's short term assets (£200.8M) exceed its long term liabilities (£103.7M).
Debt to Equity History and Analysis
Debt Level: NXRl's net debt to equity ratio (16.8%) is considered satisfactory.
Reducing Debt: NXRl's debt to equity ratio has reduced from 49.5% to 30.6% over the past 5 years.
Debt Coverage: NXRl's debt is well covered by operating cash flow (53.7%).
Interest Coverage: NXRl's interest payments on its debt are well covered by EBIT (5.9x coverage).