Nufarm Balance Sheet Health
Financial Health criteria checks 4/6
Nufarm has a total shareholder equity of A$2.3B and total debt of A$1.1B, which brings its debt-to-equity ratio to 48.3%. Its total assets and total liabilities are A$4.6B and A$2.3B respectively. Nufarm's EBIT is A$240.6M making its interest coverage ratio 2.9. It has cash and short-term investments of A$411.0M.
Key information
48.3%
Debt to equity ratio
AU$1.12b
Debt
Interest coverage ratio | 2.9x |
Cash | AU$410.96m |
Equity | AU$2.31b |
Total liabilities | AU$2.32b |
Total assets | AU$4.63b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: NUFM.F's short term assets (A$2.6B) exceed its short term liabilities (A$873.0M).
Long Term Liabilities: NUFM.F's short term assets (A$2.6B) exceed its long term liabilities (A$1.4B).
Debt to Equity History and Analysis
Debt Level: NUFM.F's net debt to equity ratio (30.5%) is considered satisfactory.
Reducing Debt: NUFM.F's debt to equity ratio has reduced from 85% to 48.3% over the past 5 years.
Debt Coverage: NUFM.F's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: NUFM.F's interest payments on its debt are not well covered by EBIT (2.9x coverage).