Nexteer Automotive Group Balance Sheet Health
Financial Health criteria checks 6/6
Nexteer Automotive Group has a total shareholder equity of $2.0B and total debt of $49.1M, which brings its debt-to-equity ratio to 2.4%. Its total assets and total liabilities are $3.4B and $1.4B respectively. Nexteer Automotive Group's EBIT is $67.6M making its interest coverage ratio -18.4. It has cash and short-term investments of $311.7M.
Key information
2.4%
Debt to equity ratio
US$49.11m
Debt
Interest coverage ratio | -18.4x |
Cash | US$311.74m |
Equity | US$2.01b |
Total liabilities | US$1.39b |
Total assets | US$3.40b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 1316's short term assets ($1.5B) exceed its short term liabilities ($1.1B).
Long Term Liabilities: 1316's short term assets ($1.5B) exceed its long term liabilities ($304.7M).
Debt to Equity History and Analysis
Debt Level: 1316 has more cash than its total debt.
Reducing Debt: 1316's debt to equity ratio has reduced from 22% to 2.4% over the past 5 years.
Debt Coverage: 1316's debt is well covered by operating cash flow (822.9%).
Interest Coverage: 1316 earns more interest than it pays, so coverage of interest payments is not a concern.