National Instruments Balance Sheet Health
Financial Health criteria checks 5/6
National Instruments has a total shareholder equity of $1.2B and total debt of $589.4M, which brings its debt-to-equity ratio to 48.4%. Its total assets and total liabilities are $2.4B and $1.1B respectively. National Instruments's EBIT is $290.5M making its interest coverage ratio 9.8. It has cash and short-term investments of $142.7M.
Key information
48.4%
Debt to equity ratio
US$589.37m
Debt
| Interest coverage ratio | 9.8x |
| Cash | US$142.65m |
| Equity | US$1.22b |
| Total liabilities | US$1.15b |
| Total assets | US$2.36b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: NATI's short term assets ($1.1B) exceed its short term liabilities ($424.4M).
Long Term Liabilities: NATI's short term assets ($1.1B) exceed its long term liabilities ($721.1M).
Debt to Equity History and Analysis
Debt Level: NATI's net debt to equity ratio (36.7%) is considered satisfactory.
Reducing Debt: NATI's debt to equity ratio has increased from 0% to 48.4% over the past 5 years.
Debt Coverage: NATI's debt is well covered by operating cash flow (27.6%).
Interest Coverage: NATI's interest payments on its debt are well covered by EBIT (9.8x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2023/10/12 20:26 |
| End of Day Share Price | 2023/10/10 00:00 |
| Earnings | 2023/06/30 |
| Annual Earnings | 2022/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
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Analyst Sources
National Instruments Corporation is covered by 19 analysts. 7 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Robert Mason | Baird |
| William Stein | Credit Suisse |
| Vijay Bhagavath | Deutsche Bank |