nVent Electric Balance Sheet Health
Financial Health criteria checks 3/6
nVent Electric has a total shareholder equity of $3.1B and total debt of $1.8B, which brings its debt-to-equity ratio to 56.7%. Its total assets and total liabilities are $6.2B and $3.0B respectively. nVent Electric's EBIT is $599.0M making its interest coverage ratio 7.5. It has cash and short-term investments of $185.1M.
Key information
56.7%
Debt to equity ratio
US$1.78b
Debt
| Interest coverage ratio | 7.5x |
| Cash | US$185.10m |
| Equity | US$3.14b |
| Total liabilities | US$3.02b |
| Total assets | US$6.16b |
Recent financial health updates
Is nVent Electric (NYSE:NVT) Using Too Much Debt?
Apr 09
Is nVent Electric (NYSE:NVT) Using Too Much Debt?
Nov 17We Think nVent Electric (NYSE:NVT) Can Manage Its Debt With Ease
Jul 24nVent Electric (NYSE:NVT) Seems To Use Debt Quite Sensibly
Feb 11We Think nVent Electric (NYSE:NVT) Can Stay On Top Of Its Debt
Nov 10Recent updates
Here's Why We Think nVent Electric (NYSE:NVT) Is Well Worth Watching
Apr 22Is nVent Electric (NYSE:NVT) Using Too Much Debt?
Apr 09nVent Electric: Steady Growth Anticipated, But At A Slower Pace
Mar 27Are nVent Electric plc (NYSE:NVT) Investors Paying Above The Intrinsic Value?
Mar 25Some Confidence Is Lacking In nVent Electric plc's (NYSE:NVT) P/E
Feb 26Investors Shouldn't Be Too Comfortable With nVent Electric's (NYSE:NVT) Earnings
Feb 13Results: nVent Electric plc Beat Earnings Expectations And Analysts Now Have New Forecasts
Feb 09nVent Electric: I'm Not Sure That Current Margins Are Sustainable
Jan 09Should You Investigate nVent Electric plc (NYSE:NVT) At US$58.13?
Jan 03nVent Electric (NYSE:NVT) Is Increasing Its Dividend To $0.19
Dec 15Is nVent Electric (NYSE:NVT) Using Too Much Debt?
Nov 17Are nVent Electric plc (NYSE:NVT) Investors Paying Above The Intrinsic Value?
Oct 30nVent Electric: Momentum To Continue Following What Could Be Strong Q3 Report
Oct 25nVent Looks To Power Through Softening Volumes
Oct 17nVent Electric (NYSE:NVT) Has Announced A Dividend Of $0.175
Sep 29What Does nVent Electric plc's (NYSE:NVT) Share Price Indicate?
Sep 15Here's Why nVent Electric (NYSE:NVT) Has Caught The Eye Of Investors
Aug 25nVent Electric's Q2 Earnings: Charging Ahead Or Overheating
Jul 31We Think nVent Electric (NYSE:NVT) Can Manage Its Debt With Ease
Jul 24nVent Electric (NYSE:NVT) Is Due To Pay A Dividend Of $0.175
Jul 06nVent Electric (NYSE:NVT) Is Due To Pay A Dividend Of $0.175
Jun 12nVent Electric (NYSE:NVT) Is Due To Pay A Dividend Of $0.175
May 29nVent Electric (NYSE:NVT) Is Paying Out A Dividend Of $0.175
May 15Is Now The Time To Put nVent Electric (NYSE:NVT) On Your Watchlist?
May 08Estimating The Fair Value Of nVent Electric plc (NYSE:NVT)
Apr 12Returns On Capital Are Showing Encouraging Signs At nVent Electric (NYSE:NVT)
Mar 31At US$41.15, Is It Time To Put nVent Electric plc (NYSE:NVT) On Your Watch List?
Mar 19nVent Electric (NYSE:NVT) Seems To Use Debt Quite Sensibly
Feb 11nVent Electric Q4 2022 Earnings Preview
Feb 06Here's Why nVent Electric (NYSE:NVT) Has Caught The Eye Of Investors
Jan 30nVent Electric's (NYSE:NVT) Dividend Will Be $0.175
Jan 04Calculating The Intrinsic Value Of nVent Electric plc (NYSE:NVT)
Dec 25Should You Think About Buying nVent Electric plc (NYSE:NVT) Now?
Dec 13The Return Trends At nVent Electric (NYSE:NVT) Look Promising
Nov 30We Think nVent Electric (NYSE:NVT) Can Stay On Top Of Its Debt
Nov 10Financial Position Analysis
Short Term Liabilities: NVT's short term assets ($1.3B) exceed its short term liabilities ($733.6M).
Long Term Liabilities: NVT's short term assets ($1.3B) do not cover its long term liabilities ($2.3B).
Debt to Equity History and Analysis
Debt Level: NVT's net debt to equity ratio (50.8%) is considered high.
Reducing Debt: NVT's debt to equity ratio has increased from 35% to 56.7% over the past 5 years.
Debt Coverage: NVT's debt is well covered by operating cash flow (29.7%).
Interest Coverage: NVT's interest payments on its debt are well covered by EBIT (7.5x coverage).