Doric Nimrod Air Two Balance Sheet Health
Financial Health criteria checks 6/6
Doric Nimrod Air Two has a total shareholder equity of £214.4M and total debt of £5.4M, which brings its debt-to-equity ratio to 2.5%. Its total assets and total liabilities are £283.5M and £69.2M respectively. Doric Nimrod Air Two's EBIT is £69.7M making its interest coverage ratio 86.3. It has cash and short-term investments of £33.4M.
Key information
2.5%
Debt to equity ratio
UK£5.40m
Debt
Interest coverage ratio | 86.3x |
Cash | UK£33.40m |
Equity | UK£214.39m |
Total liabilities | UK£69.16m |
Total assets | UK£283.54m |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: DNA2's short term assets (£93.8M) exceed its short term liabilities (£64.9M).
Long Term Liabilities: DNA2's short term assets (£93.8M) exceed its long term liabilities (£4.3M).
Debt to Equity History and Analysis
Debt Level: DNA2 has more cash than its total debt.
Reducing Debt: DNA2's debt to equity ratio has reduced from 102.3% to 2.5% over the past 5 years.
Debt Coverage: DNA2's debt is well covered by operating cash flow (1370.2%).
Interest Coverage: DNA2's interest payments on its debt are well covered by EBIT (86.3x coverage).