Novolipetsk Steel Balance Sheet Health
Financial Health criteria checks 4/6
Novolipetsk Steel has a total shareholder equity of $6.4B and total debt of $3.4B, which brings its debt-to-equity ratio to 52.7%. Its total assets and total liabilities are $12.2B and $5.7B respectively. Novolipetsk Steel's EBIT is $6.6B making its interest coverage ratio 135.5. It has cash and short-term investments of $800.0M.
Key information
52.7%
Debt to equity ratio
US$3.39b
Debt
| Interest coverage ratio | 135.5x |
| Cash | US$800.00m |
| Equity | US$6.44b |
| Total liabilities | US$5.72b |
| Total assets | US$12.16b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: NLMK's short term assets ($5.4B) exceed its short term liabilities ($3.3B).
Long Term Liabilities: NLMK's short term assets ($5.4B) exceed its long term liabilities ($2.4B).
Debt to Equity History and Analysis
Debt Level: NLMK's net debt to equity ratio (40.3%) is considered high.
Reducing Debt: NLMK's debt to equity ratio has increased from 35.9% to 52.7% over the past 5 years.
Debt Coverage: NLMK's debt is well covered by operating cash flow (133.1%).
Interest Coverage: NLMK's interest payments on its debt are well covered by EBIT (135.5x coverage).