National Carton Industry P.L.C Balance Sheet Health
Financial Health criteria checks 6/6
National Carton Industry P.L.C has a total shareholder equity of $7.5M and total debt of $880.9K, which brings its debt-to-equity ratio to 11.8%. Its total assets and total liabilities are $10.2M and $2.7M respectively. National Carton Industry P.L.C's EBIT is $1.3M making its interest coverage ratio 15.2. It has cash and short-term investments of $401.7K.
Key information
11.8%
Debt to equity ratio
US$880.93k
Debt
| Interest coverage ratio | 15.2x |
| Cash | US$401.69k |
| Equity | US$7.46m |
| Total liabilities | US$2.70m |
| Total assets | US$10.16m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: NCI's short term assets ($4.8M) exceed its short term liabilities ($2.1M).
Long Term Liabilities: NCI's short term assets ($4.8M) exceed its long term liabilities ($581.5K).
Debt to Equity History and Analysis
Debt Level: NCI's net debt to equity ratio (6.4%) is considered satisfactory.
Reducing Debt: NCI's debt to equity ratio has reduced from 31.1% to 11.8% over the past 5 years.
Debt Coverage: NCI's debt is well covered by operating cash flow (140.9%).
Interest Coverage: NCI's interest payments on its debt are well covered by EBIT (15.2x coverage).