Nanophase Technologies Balance Sheet Health
Financial Health criteria checks 5/6
Nanophase Technologies has a total shareholder equity of $15.2M and total debt of $6.2M, which brings its debt-to-equity ratio to 40.9%. Its total assets and total liabilities are $48.0M and $32.9M respectively. Nanophase Technologies's EBIT is $3.5M making its interest coverage ratio 4.4. It has cash and short-term investments of $2.9M.
Key information
40.9%
Debt to equity ratio
US$6.20m
Debt
| Interest coverage ratio | 4.4x |
| Cash | US$2.93m |
| Equity | US$15.17m |
| Total liabilities | US$32.88m |
| Total assets | US$48.05m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: NANX's short term assets ($29.8M) exceed its short term liabilities ($23.3M).
Long Term Liabilities: NANX's short term assets ($29.8M) exceed its long term liabilities ($9.6M).
Debt to Equity History and Analysis
Debt Level: NANX's net debt to equity ratio (21.6%) is considered satisfactory.
Reducing Debt: NANX's debt to equity ratio has reduced from 170.6% to 40.9% over the past 5 years.
Debt Coverage: NANX's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: NANX's interest payments on its debt are well covered by EBIT (4.4x coverage).