Noble Roman's Balance Sheet Health
Financial Health criteria checks 1/6
Noble Roman's has a total shareholder equity of $3.2M and total debt of $8.0M, which brings its debt-to-equity ratio to 248.8%. Its total assets and total liabilities are $18.0M and $14.8M respectively. Noble Roman's's EBIT is $2.3M making its interest coverage ratio 1.4. It has cash and short-term investments of $563.6K.
Key information
248.8%
Debt to equity ratio
US$8.04m
Debt
Interest coverage ratio | 1.4x |
Cash | US$563.65k |
Equity | US$3.23m |
Total liabilities | US$14.76m |
Total assets | US$17.99m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: NROM's short term assets ($3.5M) exceed its short term liabilities ($2.0M).
Long Term Liabilities: NROM's short term assets ($3.5M) do not cover its long term liabilities ($12.8M).
Debt to Equity History and Analysis
Debt Level: NROM's net debt to equity ratio (231.3%) is considered high.
Reducing Debt: NROM's debt to equity ratio has increased from 56.7% to 248.8% over the past 5 years.
Debt Coverage: NROM's debt is not well covered by operating cash flow (13.2%).
Interest Coverage: NROM's interest payments on its debt are not well covered by EBIT (1.4x coverage).