Nobility Homes Balance Sheet Health
Financial Health criteria checks 6/6
Nobility Homes has a total shareholder equity of $50.4M and total debt of $0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are $63.1M and $12.7M respectively. Nobility Homes's EBIT is $13.9M making its interest coverage ratio -24.3. It has cash and short-term investments of $20.9M.
Key information
0%
Debt to equity ratio
US$0
Debt
Interest coverage ratio | -24.3x |
Cash | US$20.86m |
Equity | US$50.37m |
Total liabilities | US$12.68m |
Total assets | US$63.06m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: NOBH's short term assets ($48.2M) exceed its short term liabilities ($12.7M).
Long Term Liabilities: NOBH has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: NOBH is debt free.
Reducing Debt: NOBH has not had any debt for past 5 years.
Debt Coverage: NOBH has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: NOBH has no debt, therefore coverage of interest payments is not a concern.