Norcros Balance Sheet Health

Financial Health criteria checks 6/6

Norcros has a total shareholder equity of £211.5M and total debt of £79.2M, which brings its debt-to-equity ratio to 37.4%. Its total assets and total liabilities are £430.4M and £218.9M respectively. Norcros's EBIT is £27.8M making its interest coverage ratio 3.9. It has cash and short-term investments of £32.6M.

Key information

37.4%

Debt to equity ratio

UK£79.20m

Debt

Interest coverage ratio	3.9x
Cash	UK£32.60m
Equity	UK£211.50m
Total liabilities	UK£218.90m
Total assets	UK£430.40m

Recent financial health updates

Norcros (LON:NXR) Takes On Some Risk With Its Use Of Debt

Mar 12

Recent updates

Norcros plc's (LON:NXR) CEO Compensation Is Looking A Bit Stretched At The Moment

Jul 15

Norcros (LON:NXR) Takes On Some Risk With Its Use Of Debt

Mar 12

Norcros (LON:NXR) Has Compensated Shareholders With A Respectable 47% Return On Their Investment

Feb 22

Estimating The Intrinsic Value Of Norcros plc (LON:NXR)

Feb 08

We Think Norcros's (LON:NXR) Statutory Profit Might Understate Its Earnings Potential

Jan 25

Here's What Norcros plc's (LON:NXR) Shareholder Ownership Structure Looks Like

Jan 11

Here's What We Learned About The CEO Pay At Norcros plc (LON:NXR)

Dec 28

Should You Think About Buying Norcros plc (LON:NXR) Now?

Dec 16

Do Its Financials Have Any Role To Play In Driving Norcros plc's (LON:NXR) Stock Up Recently?

Dec 03

Have Insiders Sold Norcros plc (LON:NXR) Shares Recently?

Nov 21

Financial Position Analysis

Short Term Liabilities: NXR's short term assets (£208.4M) exceed its short term liabilities (£99.2M).

Long Term Liabilities: NXR's short term assets (£208.4M) exceed its long term liabilities (£119.7M).

Debt to Equity History and Analysis

Debt Level: NXR's net debt to equity ratio (22%) is considered satisfactory.

Reducing Debt: NXR's debt to equity ratio has reduced from 61.7% to 37.4% over the past 5 years.

Debt Coverage: NXR's debt is well covered by operating cash flow (46.7%).

Interest Coverage: NXR's interest payments on its debt are well covered by EBIT (3.9x coverage).

Norcros Balance Sheet Health

Financial Health criteria checks 6/6

Key information

Recent financial health updates

Norcros (LON:NXR) Takes On Some Risk With Its Use Of Debt

Recent updates

The management of Johnsons Tiles Limited agreed to acquire Johnsons Tiles Limited from Norcros plc (LSE:NXR) in a management buyout transaction for £1 million.

Norcros plc Provides Earnings Guidance for the Year Ended March 31, 2024

CFO & Executive Director exercised options to buy UK£155k worth of stock.

Price target decreased by 12% to UK£2.82

A Look At The Intrinsic Value Of Norcros plc (LON:NXR)

Norcros plc, Annual General Meeting, Jul 24, 2024

CEO & Executive Director exercised options to buy UK£58k worth of stock.

Upcoming dividend of UK£0.034 per share at 6.1% yield

First half 2024 earnings released: EPS: UK£0.10 (vs UK£0.13 in 1H 2023)

Norcros plc Declares Interim Dividend, Payable on 16 January 2024

Norcros plc Announces Executive Changes

Norcros plc Approves Final Dividend for the Year Ended 31 March 2023

Norcros plc Announces Board Changes

Less than half of directors are independent

Consensus EPS estimates fall by 14%

Price target decreased by 7.3% to UK£2.95

Upcoming dividend of UK£0.068 per share at 5.4% yield

Norcros (LON:NXR) Is Paying Out Less In Dividends Than Last Year

New minor risk - Earnings quality

Full year 2023 earnings: EPS misses analyst expectations

Norcros plc Recommends Final Dividend for the Year Ended 31 March 2023

Norcros plc Announces Directorate Changes

Norcros plc Announces Demise of Gary Kennedy, the Board Chair and a Non-Executive Director

Norcros plc Announces Executive Changes

Norcros plc Announces Executive Changes

Less than half of directors are independent

Norcros plc Announces Change in Directorate

Norcros plc Announces Board Changes

Upcoming dividend of UK£0.034 per share

Price target decreased to UK£2.83

Norcros' (LON:NXR) Shareholders Will Receive A Bigger Dividend Than Last Year

Norcros plc to Report First Half, 2024 Results on Nov 09, 2023

First half 2023 earnings released: EPS: UK£0.13 (vs UK£0.16 in 1H 2022)

Norcros plc to Report First Half, 2023 Results on Nov 09, 2023

Norcros plc Declares Interim Dividend for the Six Months Ended 30 September 2022, Payable on 10 January 2023

Price target decreased to UK£3.11

Norcros plc Provides Revenue Guidance for the Twenty Six Weeks Ended October 2, 2022

Investor sentiment deteriorated over the past week

Norcros plc Approves Board Appointments

Price target decreased to UK£3.98

Less than half of directors are independent

Full year 2022 earnings: EPS exceeds analyst expectations

Norcros plc Recommends Final Dividend for the Year Ended 31 March 2022, Payable on 29 July 2022

Now 23% undervalued after recent price drop

Investor sentiment improved over the past week

Norcros plc (LSE:NXR) agreed to acquire Grant Westfield Limited.

Norcros plc (LSE:NXR) agreed to acquire Granfit Holdings Limited for an enterprise value of £80 million.

Norcros plc Provides Earnings Guidance for the Year to 31 March 2022

Now 20% undervalued after recent price drop

Upcoming dividend of UK£0.031 per share

First half 2022 earnings released: EPS UK£0.16 (vs UK£0.031 in 1H 2021)

Investor sentiment improved over the past week

Managing Director of South Africa Thomas Willcocks has left the company

CEO & Director exercised options and sold UK£61k worth of stock

Norcros plc's (LON:NXR) CEO Compensation Is Looking A Bit Stretched At The Moment

Upcoming dividend of UK£0.082 per share

Price target increased to UK£3.88

Full year 2021 earnings released: EPS UK£0.19 (vs UK£0.14 in FY 2020)

Price target increased to UK£3.65

Independent Non-Executive Director has left the company

Norcros plc Provides Earnings Guidance for the Full Year Ended March 31, 2021

Price target increased to UK£3.38

Norcros (LON:NXR) Takes On Some Risk With Its Use Of Debt

Analysts increase EPS estimates to UK£0.13

Norcros (LON:NXR) Has Compensated Shareholders With A Respectable 47% Return On Their Investment

New 90-day high: UK£2.19

Norcros plc, Annual General Meeting, Jul 21, 2021

Estimating The Intrinsic Value Of Norcros plc (LON:NXR)

We Think Norcros's (LON:NXR) Statutory Profit Might Understate Its Earnings Potential

Here's What Norcros plc's (LON:NXR) Shareholder Ownership Structure Looks Like

New 90-day high: UK£2.07

Price target raised to UK£3.01

Here's What We Learned About The CEO Pay At Norcros plc (LON:NXR)

Should You Think About Buying Norcros plc (LON:NXR) Now?