Nickel Asia Balance Sheet Health
Financial Health criteria checks 5/6
Nickel Asia has a total shareholder equity of ₱43.1B and total debt of ₱8.5B, which brings its debt-to-equity ratio to 19.8%. Its total assets and total liabilities are ₱57.9B and ₱14.8B respectively. Nickel Asia's EBIT is ₱8.8B making its interest coverage ratio -45.6. It has cash and short-term investments of ₱17.3B.
Key information
19.8%
Debt to equity ratio
₱8.54b
Debt
Interest coverage ratio | -45.6x |
Cash | ₱17.28b |
Equity | ₱43.10b |
Total liabilities | ₱14.82b |
Total assets | ₱57.93b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: NIKL's short term assets (₱23.5B) exceed its short term liabilities (₱10.0B).
Long Term Liabilities: NIKL's short term assets (₱23.5B) exceed its long term liabilities (₱4.8B).
Debt to Equity History and Analysis
Debt Level: NIKL has more cash than its total debt.
Reducing Debt: NIKL's debt to equity ratio has increased from 8.7% to 19.8% over the past 5 years.
Debt Coverage: NIKL's debt is well covered by operating cash flow (105.1%).
Interest Coverage: NIKL earns more interest than it pays, so coverage of interest payments is not a concern.