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 $7.7M and total debt of $1.1M, which brings its debt-to-equity ratio to 14.9%. Its total assets and total liabilities are $10.3M and $2.7M respectively. National Carton Industry P.L.C's EBIT is $1.3M making its interest coverage ratio 12. It has cash and short-term investments of $594.6K.
Key information
14.9%
Debt to equity ratio
US$1.15m
Debt
Interest coverage ratio | 12x |
Cash | US$594.56k |
Equity | US$7.69m |
Total liabilities | US$2.66m |
Total assets | US$10.34m |
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 ($2.0M).
Long Term Liabilities: NCI's short term assets ($4.8M) exceed its long term liabilities ($624.7K).
Debt to Equity History and Analysis
Debt Level: NCI's net debt to equity ratio (7.2%) is considered satisfactory.
Reducing Debt: NCI's debt to equity ratio has reduced from 31.1% to 14.9% over the past 5 years.
Debt Coverage: NCI's debt is well covered by operating cash flow (154.7%).
Interest Coverage: NCI's interest payments on its debt are well covered by EBIT (12x coverage).