Nickel Asia Balance Sheet Health
Financial Health criteria checks 5/6
Nickel Asia has a total shareholder equity of ₱45.7B and total debt of ₱9.5B, which brings its debt-to-equity ratio to 20.8%. Its total assets and total liabilities are ₱62.0B and ₱16.3B respectively. Nickel Asia's EBIT is ₱6.6B making its interest coverage ratio -14.4. It has cash and short-term investments of ₱15.0B.
Key information
20.8%
Debt to equity ratio
₱9.50b
Debt
| Interest coverage ratio | -14.4x |
| Cash | ₱15.01b |
| Equity | ₱45.70b |
| Total liabilities | ₱16.34b |
| Total assets | ₱62.04b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: NCKA.F's short term assets (₱23.0B) exceed its short term liabilities (₱11.5B).
Long Term Liabilities: NCKA.F's short term assets (₱23.0B) exceed its long term liabilities (₱4.8B).
Debt to Equity History and Analysis
Debt Level: NCKA.F has more cash than its total debt.
Reducing Debt: NCKA.F's debt to equity ratio has increased from 8.1% to 20.8% over the past 5 years.
Debt Coverage: NCKA.F's debt is well covered by operating cash flow (65.6%).
Interest Coverage: NCKA.F earns more interest than it pays, so coverage of interest payments is not a concern.