NIC Holdings Balance Sheet Health
Financial Health criteria checks 1/6
NIC Holdings has a total shareholder equity of UGX40.9B and total debt of UGX5.5B, which brings its debt-to-equity ratio to 13.5%. Its total assets and total liabilities are UGX96.6B and UGX55.7B respectively.
Key information
13.5%
Debt to equity ratio
USh5.54b
Debt
| Interest coverage ratio | n/a |
| Cash | USh5.04b |
| Equity | USh40.89b |
| Total liabilities | USh55.68b |
| Total assets | USh96.57b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: NIC's short term assets (UGX9.6B) do not cover its short term liabilities (UGX29.5B).
Long Term Liabilities: NIC's short term assets (UGX9.6B) do not cover its long term liabilities (UGX26.2B).
Debt to Equity History and Analysis
Debt Level: NIC's net debt to equity ratio (1.2%) is considered satisfactory.
Reducing Debt: NIC's debt to equity ratio has increased from 0% to 13.5% over the past 5 years.
Debt Coverage: NIC's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: Insufficient data to determine if NIC's interest payments on its debt are well covered by EBIT.