This company has been acquired
The company may no longer be operating, as it has been acquired. Find out why through their latest events.
Noranda Income Fund Balance Sheet Health
Financial Health criteria checks 3/6
Key information
108.3%
Debt to equity ratio
US$184.74m
Debt
| Interest coverage ratio | 4x |
| Cash | US$4.49m |
| Equity | US$170.63m |
| Total liabilities | US$413.82m |
| Total assets | US$584.45m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: NNDI.F's short term assets ($439.5M) exceed its short term liabilities ($205.3M).
Long Term Liabilities: NNDI.F's short term assets ($439.5M) exceed its long term liabilities ($208.5M).
Debt to Equity History and Analysis
Debt Level: NNDI.F's net debt to equity ratio (105.6%) is considered high.
Reducing Debt: NNDI.F's debt to equity ratio has increased from 51.6% to 108.3% over the past 5 years.
Debt Coverage: NNDI.F's debt is not well covered by operating cash flow (18.1%).
Interest Coverage: NNDI.F's interest payments on its debt are well covered by EBIT (4x coverage).