Nordic Group Balance Sheet Health
Financial Health criteria checks 4/6
Nordic Group has a total shareholder equity of SGD117.5M and total debt of SGD96.0M, which brings its debt-to-equity ratio to 81.7%. Its total assets and total liabilities are SGD265.6M and SGD148.1M respectively. Nordic Group's EBIT is SGD19.1M making its interest coverage ratio 7. It has cash and short-term investments of SGD73.7M.
Key information
81.7%
Debt to equity ratio
S$95.99m
Debt
Interest coverage ratio | 7x |
Cash | S$73.74m |
Equity | S$117.47m |
Total liabilities | S$148.11m |
Total assets | S$265.59m |
Recent financial health updates
Nordic Group (SGX:MR7) Seems To Use Debt Quite Sensibly
Apr 03Nordic Group (SGX:MR7) Seems To Use Debt Rather Sparingly
May 28Nordic Group (SGX:MR7) Seems To Use Debt Quite Sensibly
Mar 16These 4 Measures Indicate That Nordic Group (SGX:MR7) Is Using Debt Reasonably Well
Nov 24Recent updates
Nordic Group's (SGX:MR7) Problems Go Beyond Weak Profit
Apr 18Nordic Group (SGX:MR7) Seems To Use Debt Quite Sensibly
Apr 03Investors Met With Slowing Returns on Capital At Nordic Group (SGX:MR7)
Dec 14Here's Why We Think Nordic Group (SGX:MR7) Is Well Worth Watching
Oct 17Nordic Group (SGX:MR7) Seems To Use Debt Rather Sparingly
May 28Nordic Group (SGX:MR7) Will Be Hoping To Turn Its Returns On Capital Around
Nov 19Investors Could Be Concerned With Nordic Group's (SGX:MR7) Returns On Capital
May 05Nordic Group (SGX:MR7) Seems To Use Debt Quite Sensibly
Mar 16Nordic Group Limited (SGX:MR7) Stock's Been Sliding But Fundamentals Look Decent: Will The Market Correct The Share Price In The Future?
Feb 23Our Take On The Returns On Capital At Nordic Group (SGX:MR7)
Jan 19Would Shareholders Who Purchased Nordic Group's (SGX:MR7) Stock Three Years Be Happy With The Share price Today?
Dec 23These 4 Measures Indicate That Nordic Group (SGX:MR7) Is Using Debt Reasonably Well
Nov 24Financial Position Analysis
Short Term Liabilities: MR7's short term assets (SGD170.1M) exceed its short term liabilities (SGD136.4M).
Long Term Liabilities: MR7's short term assets (SGD170.1M) exceed its long term liabilities (SGD11.7M).
Debt to Equity History and Analysis
Debt Level: MR7's net debt to equity ratio (18.9%) is considered satisfactory.
Reducing Debt: MR7's debt to equity ratio has increased from 49.9% to 81.7% over the past 5 years.
Debt Coverage: MR7's debt is not well covered by operating cash flow (11.8%).
Interest Coverage: MR7's interest payments on its debt are well covered by EBIT (7x coverage).