National Steel Industry Balance Sheet Health
Financial Health criteria checks 2/6
National Steel Industry has a total shareholder equity of JOD4.2M and total debt of JOD2.4M, which brings its debt-to-equity ratio to 56.2%. Its total assets and total liabilities are JOD7.7M and JOD3.5M respectively. National Steel Industry's EBIT is JOD95.9K making its interest coverage ratio -5.9. It has cash and short-term investments of JOD29.8K.
Key information
56.2%
Debt to equity ratio
د.أ2.37m
Debt
| Interest coverage ratio | -5.9x |
| Cash | د.أ29.83k |
| Equity | د.أ4.22m |
| Total liabilities | د.أ3.53m |
| Total assets | د.أ7.75m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: NAST's short term assets (JOD2.4M) do not cover its short term liabilities (JOD3.3M).
Long Term Liabilities: NAST's short term assets (JOD2.4M) exceed its long term liabilities (JOD202.7K).
Debt to Equity History and Analysis
Debt Level: NAST's net debt to equity ratio (55.5%) is considered high.
Reducing Debt: NAST's debt to equity ratio has increased from 49.1% to 56.2% over the past 5 years.
Debt Coverage: NAST's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: NAST earns more interest than it pays, so coverage of interest payments is not a concern.