NIC Holdings Balance Sheet Health
Financial Health criteria checks 2/6
NIC Holdings has a total shareholder equity of UGX45.0B and total debt of UGX11.2B, which brings its debt-to-equity ratio to 24.9%. Its total assets and total liabilities are UGX126.2B and UGX81.1B respectively. NIC Holdings's EBIT is UGX2.7B making its interest coverage ratio 2.6. It has cash and short-term investments of UGX4.3B.
Key information
24.9%
Debt to equity ratio
USh11.18b
Debt
Interest coverage ratio | 2.6x |
Cash | USh4.33b |
Equity | USh45.01b |
Total liabilities | USh81.14b |
Total assets | USh126.15b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: NIC's short term assets (UGX26.7B) do not cover its short term liabilities (UGX49.6B).
Long Term Liabilities: NIC's short term assets (UGX26.7B) do not cover its long term liabilities (UGX31.5B).
Debt to Equity History and Analysis
Debt Level: NIC's net debt to equity ratio (15.2%) is considered satisfactory.
Reducing Debt: NIC's debt to equity ratio has increased from 14.1% to 24.9% over the past 5 years.
Debt Coverage: NIC's debt is well covered by operating cash flow (20.6%).
Interest Coverage: NIC's interest payments on its debt are not well covered by EBIT (2.6x coverage).