National Tyre Services Balance Sheet Health
Financial Health criteria checks 3/6
National Tyre Services has a total shareholder equity of ZWL25.5B and total debt of ZWL10.1B, which brings its debt-to-equity ratio to 39.5%. Its total assets and total liabilities are ZWL44.2B and ZWL18.7B respectively. National Tyre Services's EBIT is ZWL3.2B making its interest coverage ratio 5.4. It has cash and short-term investments of ZWL1.8B.
Key information
39.5%
Debt to equity ratio
Z$10.06b
Debt
Interest coverage ratio | 5.4x |
Cash | Z$1.84b |
Equity | Z$25.46b |
Total liabilities | Z$18.70b |
Total assets | Z$44.16b |
Recent financial health updates
No updates
Recent updates
No updates
Financial Position Analysis
Short Term Liabilities: NTS's short term assets (ZWL7.4B) do not cover its short term liabilities (ZWL11.2B).
Long Term Liabilities: NTS's short term assets (ZWL7.4B) do not cover its long term liabilities (ZWL7.5B).
Debt to Equity History and Analysis
Debt Level: NTS's net debt to equity ratio (32.3%) is considered satisfactory.
Reducing Debt: NTS's debt to equity ratio has increased from 6.6% to 39.5% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: NTS has sufficient cash runway for more than 3 years based on its current free cash flow.
Forecast Cash Runway: NTS has sufficient cash runway for more than 3 years if free cash flow continues to grow at historical rates of 47.7% each year