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
We Think National Instruments (NASDAQ:NATI) Can Stay On Top Of Its Debt
Dec 08
We Think National Instruments (NASDAQ:NATI) Can Stay On Top Of Its Debt
Sep 05National Instruments (NASDAQ:NATI) Seems To Use Debt Rather Sparingly
Apr 13Recent updates
We Think National Instruments (NASDAQ:NATI) Can Stay On Top Of Its Debt
Dec 08Is There An Opportunity With National Instruments Corporation's (NASDAQ:NATI) 38% Undervaluation?
Nov 22National Instruments: Compelling Growth Play But Priced At A Premium
Oct 09Should You Investigate National Instruments Corporation (NASDAQ:NATI) At US$39.88?
Sep 20National Instruments CFO Karen Rapp to retire
Sep 13We Think National Instruments (NASDAQ:NATI) Can Stay On Top Of Its Debt
Sep 05National Instruments goes ex dividend tomorrow
Aug 04Here's What To Make Of National Instruments' (NASDAQ:NATI) Decelerating Rates Of Return
Jul 15When Should You Buy National Instruments Corporation (NASDAQ:NATI)?
Jun 08National Instruments (NASDAQ:NATI) Seems To Use Debt Rather Sparingly
Apr 13Slowing Rates Of Return At National Instruments (NASDAQ:NATI) Leave Little Room For Excitement
Mar 31At US$40.46, Is It Time To Put National Instruments Corporation (NASDAQ:NATI) On Your Watch List?
Mar 03Are Investors Undervaluing National Instruments Corporation (NASDAQ:NATI) By 31%?
Feb 18National Instruments Looks Like It May Be Building Toward Something More Interesting
Feb 12Financial 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).