Nictus Holdings Balance Sheet Health
Financial Health criteria checks 4/6
Nictus Holdings has a total shareholder equity of NAD281.4M and total debt of NAD52.6M, which brings its debt-to-equity ratio to 18.7%. Its total assets and total liabilities are NAD2.1B and NAD1.8B respectively. Nictus Holdings's EBIT is NAD10.1M making its interest coverage ratio -0.2. It has cash and short-term investments of NAD787.3M.
Key information
18.7%
Debt to equity ratio
N$52.64m
Debt
| Interest coverage ratio | -0.2x |
| Cash | N$787.27m |
| Equity | N$281.38m |
| Total liabilities | N$1.80b |
| Total assets | N$2.08b |
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 (NAD1.7B).
Long Term Liabilities: NHL's short term assets (NAD1.3B) exceed its long term liabilities (NAD90.2M).
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 increased from 13.6% to 18.7% over the past 5 years.
Debt Coverage: NHL's debt is well covered by operating cash flow (1031.8%).
Interest Coverage: NHL earns more interest than it pays, so coverage of interest payments is not a concern.