NewtekOne Balance Sheet Health
Financial Health criteria checks 2/6
NewtekOne has a total shareholder equity of $254.1M and total debt of $662.5M, which brings its debt-to-equity ratio to 260.7%. Its total assets and total liabilities are $1.5B and $1.3B respectively. NewtekOne's EBIT is $132.6M making its interest coverage ratio 1.8. It has cash and short-term investments of $127.4M.
Key information
260.7%
Debt to equity ratio
US$662.49m
Debt
Interest coverage ratio | 1.8x |
Cash | US$127.45m |
Equity | US$254.13m |
Total liabilities | US$1.26b |
Total assets | US$1.51b |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 0K7X's short term assets ($1.3B) exceed its short term liabilities ($92.7M).
Long Term Liabilities: 0K7X's short term assets ($1.3B) exceed its long term liabilities ($1.2B).
Debt to Equity History and Analysis
Debt Level: 0K7X's net debt to equity ratio (210.5%) is considered high.
Reducing Debt: 0K7X's debt to equity ratio has increased from 120.8% to 260.7% over the past 5 years.
Debt Coverage: 0K7X's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 0K7X's interest payments on its debt are not well covered by EBIT (1.8x coverage).