New Hope Balance Sheet Health
Financial Health criteria checks 6/6
New Hope has a total shareholder equity of A$2.5B and total debt of A$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are A$3.1B and A$551.8M respectively. New Hope's EBIT is A$1.0B making its interest coverage ratio 212.8. It has cash and short-term investments of A$481.1M.
Key information
0%
Debt to equity ratio
AU$0
Debt
Interest coverage ratio | 212.8x |
Cash | AU$481.06m |
Equity | AU$2.50b |
Total liabilities | AU$551.78m |
Total assets | AU$3.05b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: NHPE.F's short term assets (A$949.5M) exceed its short term liabilities (A$233.4M).
Long Term Liabilities: NHPE.F's short term assets (A$949.5M) exceed its long term liabilities (A$318.4M).
Debt to Equity History and Analysis
Debt Level: NHPE.F is debt free.
Reducing Debt: NHPE.F has no debt compared to 5 years ago when its debt to equity ratio was 10.3%.
Debt Coverage: NHPE.F has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: NHPE.F has no debt, therefore coverage of interest payments is not a concern.