Nictus Holdings Balance Sheet Health
Financial Health criteria checks 5/6
Nictus Holdings has a total shareholder equity of NAD228.2M and total debt of NAD80.2M, which brings its debt-to-equity ratio to 35.1%. Its total assets and total liabilities are NAD2.6B and NAD2.4B respectively. Nictus Holdings's EBIT is NAD13.6M making its interest coverage ratio -0.4. It has cash and short-term investments of NAD404.9M.
Key information
35.1%
Debt to equity ratio
N$80.19m
Debt
| Interest coverage ratio | -0.4x |
| Cash | N$404.87m |
| Equity | N$228.16m |
| Total liabilities | N$2.39b |
| Total assets | N$2.62b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: NHL's short term assets (NAD1.3B) do not cover its short term liabilities (NAD2.3B).
Long Term Liabilities: NHL's short term assets (NAD1.3B) exceed its long term liabilities (NAD75.0M).
Debt to Equity History and Analysis
Debt Level: NHL has more cash than its total debt.
Reducing Debt: NHL's debt to equity ratio has reduced from 78.7% to 35.1% over the past 5 years.
Debt Coverage: NHL's debt is well covered by operating cash flow (188.5%).
Interest Coverage: NHL earns more interest than it pays, so coverage of interest payments is not a concern.