Nobility Homes Balance Sheet Health
Financial Health criteria checks 6/6
Nobility Homes has a total shareholder equity of $54.5M and total debt of $0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are $64.3M and $9.8M respectively. Nobility Homes's EBIT is $10.2M making its interest coverage ratio -9.1. It has cash and short-term investments of $26.6M.
Key information
0%
Debt to equity ratio
US$0
Debt
| Interest coverage ratio | -9.1x |
| Cash | US$26.56m |
| Equity | US$54.49m |
| Total liabilities | US$9.84m |
| Total assets | US$64.33m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: NOBH's short term assets ($50.6M) exceed its short term liabilities ($9.8M).
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.