What is NLI HOLDINGS INC's earnings per share (EPS)?

NLI HOLDINGS INC (NL) reported diluted earnings per share of $-0.77 for fiscal year 2025. This represents a -155.8% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

NLI HOLDINGS INC Financials

Source SEC Filings (10-K/10-Q) Updated Mar 31, 2026 Currency USD FYE December

This page shows NLI HOLDINGS INC (NL) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 17 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI NL FY2025 2026-05-06

Stable gross economics are being masked by cash-conversion swings, even as the balance sheet has become much lighter.

Across the last three fiscal years, gross margin stayed near 30% and revenue stayed in a narrow band. But operating cash flow moved from $37.0M of generation to -$36.4M of use, which says the sales engine was steadier than the reported cash outcome and that volatility is coming from conversion and non-core items rather than from weakening basic demand.

The balance-sheet posture improved materially: total liabilities fell to $105.5M from $206.9M in two years. That leaves a liquidity cushion, with a 7.8x current ratio and cash of $110.6M, so near-term obligations look small relative to available resources even after a weak cash year.

This is still a low-capital-intensity operation, with capital spending of just $3.7M on $158.3M of FY2025 revenue. So free cash flow at -$40.2M reflects operating or working-capital strain, not a business that suddenly needed heavy reinvestment to keep running.

Financial Health Signals

Financial Profile 51/100

Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →

Health score ≠ stock price. This rates the quality of NLI HOLDINGS INC's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Profitability

NLI HOLDINGS INC has an operating margin of 6.7%, meaning the company retains $7 of operating profit per $100 of revenue. This results in a moderate score of 51/100, indicating healthy but not exceptional operating efficiency. This is down from 25.9% the prior year.

Growth

NLI HOLDINGS INC's revenue grew 8.5% year-over-year to $158.3M, a solid pace of expansion. This earns a growth score of 32/100.

Leverage

NLI HOLDINGS INC carries a low D/E ratio of 0.29, meaning only $0.29 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 96/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

100

With a current ratio of 7.77, NLI HOLDINGS INC holds $7.77 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 100/100.

Cash Flow

While NLI HOLDINGS INC generated -$36.4M in operating cash flow, capex of $3.7M consumed most of it, leaving -$40.1M in free cash flow. This results in a low score of 17/100, reflecting heavy capital investment rather than weak cash generation.

Returns

NLI HOLDINGS INC generates a -10.5% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 10/100. This is down from 16.9% the prior year.

Altman Z-Score Safe

3.90

NLI HOLDINGS INC scores 3.90, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($416.6M) relative to total liabilities ($105.5M). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.

Piotroski F-Score Neutral

4/9

NLI HOLDINGS INC passes 4 of 9 financial strength tests. 1 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality Low Quality

0.96x

For every $1 of reported earnings, NLI HOLDINGS INC generates $0.96 in operating cash flow (-$36.4M OCF vs -$37.8M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.

Interest Coverage Safe

13.9x

NLI HOLDINGS INC earns $13.9 in operating income for every $1 of interest expense ($10.7M vs $767K). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.

Key Financial Metrics

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Earnings & Revenue

Revenue

$158.3M

YoY+8.5%

5Y CAGR+6.7%

10Y CAGR+3.8%

NLI HOLDINGS INC generated $158.3M in revenue in fiscal year 2025. This represents an increase of 8.5% from the prior year.

EBITDA

$14.3M

YoY-65.5%

5Y CAGR+18.3%

10Y CAGR+14.0%

NLI HOLDINGS INC's EBITDA was $14.3M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 65.5% from the prior year.

Net Income

-$37.8M

YoY-156.3%

NLI HOLDINGS INC reported -$37.8M in net income in fiscal year 2025. This represents a decrease of 156.3% from the prior year.

EPS (Diluted)

$-0.77

YoY-155.8%

NLI HOLDINGS INC earned $-0.77 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 155.8% from the prior year.

Cash & Balance Sheet

Free Cash Flow

-$40.1M

YoY-266.3%

NLI HOLDINGS INC generated -$40.1M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 266.3% from the prior year.

Cash & Debt

$110.6M

YoY-32.2%

5Y CAGR-4.2%

10Y CAGR+1.4%

NLI HOLDINGS INC held $110.6M in cash against $0 in long-term debt as of fiscal year 2025.

Dividends Per Share

$0.57

YoY-24.0%

5Y CAGR+28.9%

NLI HOLDINGS INC paid $0.57 per share in dividends in fiscal year 2025. This represents a decrease of 24.0% from the prior year.

Shares Outstanding

49M

YoY+0.0%

5Y CAGR+0.0%

10Y CAGR+0.0%

NLI HOLDINGS INC had 49M shares outstanding in fiscal year 2025. This represents an increase of 0.0% from the prior year.

Margins & Returns

Gross Margin

30.4%

YoY+2.1pp

5Y CAGR+1.8pp

10Y CAGR-0.2pp

NLI HOLDINGS INC's gross margin was 30.4% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 2.1 percentage points from the prior year.

Operating Margin

6.7%

YoY-19.2pp

5Y CAGR+4.7pp

10Y CAGR+6.5pp

NLI HOLDINGS INC's operating margin was 6.7% in fiscal year 2025, reflecting core business profitability. This is down 19.2 percentage points from the prior year.

Net Margin

-23.9%

YoY-70.0pp

5Y CAGR-36.7pp

10Y CAGR-2.0pp

NLI HOLDINGS INC's net profit margin was -23.9% in fiscal year 2025, showing the share of revenue converted to profit. This is down 70.0 percentage points from the prior year.

Return on Equity

-10.5%

YoY-27.5pp

5Y CAGR-15.3pp

10Y CAGR+5.4pp

NLI HOLDINGS INC's ROE was -10.5% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 27.5 percentage points from the prior year.

Capital Allocation

R&D Spending

NLI HOLDINGS INC invested $0 in research and development in fiscal year 2025.

Share Buybacks

N/A

Capital Expenditures

$3.7M

YoY+161.7%

5Y CAGR+16.6%

10Y CAGR-1.4%

NLI HOLDINGS INC invested $3.7M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 161.7% from the prior year.

NL Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$158.3M+8.5%	$145.9M-9.5%	$161.3M-3.2%	$166.6M+18.3%	$140.8M+22.9%	$114.5M
Cost of Revenue	$110.1M+5.3%	$104.6M-6.7%	$112.1M-4.8%	$117.8M+20.1%	$98.1M+20.0%	$81.7M
Gross Profit	$48.2M+16.5%	$41.4M-16.0%	$49.2M+0.9%	$48.8M+14.2%	$42.7M+30.1%	$32.8M
R&D Expenses	$0	$0	$0	$0	$0	$0
SG&A Expenses	$25.6M+5.1%	$24.3M+2.3%	$23.8M+1.8%	$23.4M+5.1%	$22.2M+5.7%	$21.0M
Operating Income	$10.7M-71.8%	$37.9M+168.1%	$14.1M+2.9%	$13.7M+30.9%	$10.5M+345.1%	$2.4M
Interest Expense	$767K+44.7%	$530K-29.0%	$746K-20.7%	$941K-17.6%	$1.1M-15.4%	$1.4M
Income Tax	-$16.1M-214.2%	$14.1M+300.8%	-$7.0M-351.4%	$2.8M-62.8%	$7.5M+397.4%	-$2.5M
Net Income	-$37.8M-156.3%	$67.2M+3012.8%	-$2.3M-106.8%	$33.8M-33.9%	$51.2M+248.7%	$14.7M
EPS (Diluted)	$-0.77-155.8%	$1.38+2860.0%	$-0.05-107.2%	$0.69-34.3%	$1.05+250.0%	$0.30

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Revenue	$40.6M+7.6%	$37.7M-5.6%	$40.0M-1.0%	$40.4M+0.2%	$40.3M+4.8%	$38.4M+14.1%	$33.7M-6.2%	$35.9M
Cost of Revenue	$27.3M+6.7%	$25.6M-11.5%	$28.9M+5.3%	$27.5M-2.3%	$28.1M+2.8%	$27.4M+13.0%	$24.2M-2.1%	$24.7M
Gross Profit	$13.3M+9.5%	$12.1M+9.7%	$11.0M-14.4%	$12.9M+6.0%	$12.2M+9.9%	$11.1M+16.8%	$9.5M-15.2%	$11.2M
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$6.2M-3.7%	$6.4M+2.8%	$6.3M-4.6%	$6.6M+4.4%	$6.3M+1.8%	$6.2M+1.1%	$6.1M+0.6%	$6.1M
Operating Income	$4.1M+42.9%	$2.9M+55.3%	$1.9M-33.9%	$2.8M-11.0%	$3.1M-90.7%	$33.7M+1554.9%	$2.0M+157.4%	$791K
Interest Expense	$11K-8.3%	$12K-86.7%	$90K0.0%	$90K-84.3%	$575K+538.9%	$90K-38.8%	$147K-0.7%	$148K
Income Tax	$1.5M+109.7%	-$15.1M-1672.0%	-$854K-1886.0%	-$43K-87.0%	-$23K-100.7%	$3.3M-61.7%	$8.5M+553.5%	$1.3M
Net Income	$4.3M+114.0%	-$31.0M-293.6%	-$7.9M-2317.2%	$355K-46.8%	$667K-96.0%	$16.5M-54.1%	$36.0M+359.6%	$7.8M
EPS (Diluted)	$0.09	N/A	$-0.16-1700.0%	$0.010.0%	$0.01	N/A	$0.74+362.5%	$0.16

NL Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$464.2M-19.7%	$578.3M+0.3%	$576.7M-5.4%	$609.9M+2.3%	$596.2M+8.8%	$548.1M
Current Assets	$159.9M-32.8%	$238.0M+9.0%	$218.3M+12.5%	$194.0M+0.2%	$193.6M+13.1%	$171.2M
Cash & Equivalents	$110.6M-32.2%	$163.2M+46.3%	$111.5M+61.9%	$68.9M-53.2%	$147.0M+7.3%	$137.0M
Inventory	$30.4M+7.2%	$28.4M-7.6%	$30.7M-1.8%	$31.3M+22.0%	$25.6M+39.8%	$18.3M
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	$27.2M0.0%	$27.2M0.0%	$27.2M0.0%	$27.2M0.0%	$27.2M0.0%	$27.2M
Total Liabilities	$105.5M-41.9%	$181.4M-12.3%	$206.8M-9.2%	$227.7M-2.6%	$233.7M-1.1%	$236.3M
Current Liabilities	$20.6M-77.4%	$91.1M+199.1%	$30.4M-5.0%	$32.1M+4.8%	$30.6M+11.2%	$27.5M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$358.8M-9.6%	$396.9M+7.3%	$369.8M-3.2%	$382.1M+5.4%	$362.5M+16.2%	$311.9M
Retained Earnings	$249.4M-20.8%	$315.1M+10.8%	$284.5M-5.3%	$300.4M+1.0%	$297.4M+15.3%	$257.9M

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Total Assets	$461.2M-0.7%	$464.2M-7.2%	$500.2M-4.5%	$523.7M+0.7%	$520.0M-10.1%	$578.3M-1.3%	$585.6M+1.0%	$580.0M
Current Assets	$155.9M-2.5%	$159.9M-8.3%	$174.3M-5.1%	$183.7M+2.3%	$179.6M-24.5%	$238.0M+5.5%	$225.6M-0.8%	$227.4M
Cash & Equivalents	$101.9M-7.9%	$110.6M+8.5%	$101.9M-8.6%	$111.5M+1.3%	$110.0M-32.6%	$163.2M+11.8%	$146.0M-12.8%	$167.5M
Inventory	$30.1M-1.1%	$30.4M-1.7%	$31.0M-5.9%	$32.9M+12.8%	$29.2M+2.8%	$28.4M+1.3%	$28.0M+2.4%	$27.4M
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	$27.2M0.0%	$27.2M0.0%	$27.2M0.0%	$27.2M0.0%	$27.2M0.0%	$27.2M0.0%	$27.2M0.0%	$27.2M
Total Liabilities	$101.9M-3.4%	$105.5M-15.5%	$124.8M-1.0%	$126.1M+3.1%	$122.4M-32.5%	$181.4M-9.1%	$199.6M-3.5%	$206.9M
Current Liabilities	$14.6M-28.9%	$20.6M-41.5%	$35.2M+3.5%	$34.0M+9.8%	$30.9M-66.0%	$91.1M+171.3%	$33.6M+13.5%	$29.6M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$359.3M+0.2%	$358.8M-4.4%	$375.4M-5.6%	$397.6M0.0%	$397.6M+0.2%	$396.9M+2.8%	$386.0M+3.5%	$373.1M
Retained Earnings	$248.8M-0.2%	$249.4M-12.4%	$284.8M-7.3%	$307.3M-1.3%	$311.3M-1.2%	$315.1M+4.2%	$302.4M+3.8%	$291.3M

NL Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	-$36.4M-242.3%	$25.6M-30.9%	$37.0M+37.4%	$26.9M+52.9%	$17.6M-7.4%	$19.0M
Capital Expenditures	$3.7M+161.7%	$1.4M+26.7%	$1.1M-69.4%	$3.7M-9.7%	$4.1M+135.3%	$1.7M
Free Cash Flow	-$40.1M-266.3%	$24.1M-32.7%	$35.9M+54.4%	$23.2M+71.9%	$13.5M-21.8%	$17.3M
Investing Cash Flow	-$2.4M-104.1%	$58.9M+166.3%	$22.1M+132.6%	-$67.9M-1111.8%	$6.7M+313.6%	-$3.1M
Financing Cash Flow	-$31.3M+24.8%	-$41.6M-173.4%	-$15.2M+58.6%	-$36.8M-156.5%	-$14.3M-69.2%	-$8.5M
Dividends Paid	$17.6M+12.8%	$15.6M+13.9%	$13.7M0.0%	$13.7M+17.1%	$11.7M+50.0%	$7.8M
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Operating Cash Flow	-$3.5M+14.7%	-$4.2M-152.3%	$7.9M+8.9%	$7.3M+115.3%	-$47.5M-628.6%	$9.0M+258.0%	-$5.7M-136.6%	$15.5M
Capital Expenditures	$404K-32.6%	$599K-39.1%	$983K-26.8%	$1.3M+63.4%	$822K+245.4%	$238K-48.7%	$464K+9.2%	$425K
Free Cash Flow	-$3.9M+16.9%	-$4.7M-168.3%	$7.0M+17.0%	$5.9M+112.3%	-$48.3M-652.4%	$8.7M+242.2%	-$6.1M-140.7%	$15.1M
Investing Cash Flow	$196K+139.3%	-$499K-172.7%	-$183K+80.6%	-$943K-16.1%	-$812K-124.2%	$3.4M-73.8%	$12.8M-29.4%	$18.2M
Financing Cash Flow	-$5.4M-10.0%	-$4.9M+70.8%	-$16.7M-242.9%	-$4.9M-0.1%	-$4.9M-11.1%	-$4.4M+84.6%	-$28.5M-551.3%	-$4.4M
Dividends Paid	$4.9M+183.5%	-$5.9M-139.9%	$14.7M+233.3%	$4.4M0.0%	$4.4M+125.7%	-$17.1M-168.7%	$24.9M+537.5%	$3.9M
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

NL Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	30.4%+2.1pp	28.3%-2.2pp	30.5%+1.2pp	29.3%-1.1pp	30.4%+1.7pp	28.7%
Operating Margin	6.7%-19.2pp	25.9%+17.2pp	8.8%+0.5pp	8.2%+0.8pp	7.4%+5.4pp	2.1%
Net Margin	-23.9%-70.0pp	46.1%+47.5pp	-1.4%-21.8pp	20.3%-16.0pp	36.4%+23.5pp	12.8%
Return on Equity	-10.5%-27.5pp	16.9%+17.6pp	-0.6%-9.5pp	8.9%-5.3pp	14.1%+9.4pp	4.7%
Return on Assets	-8.2%-19.8pp	11.6%+12.0pp	-0.4%-5.9pp	5.5%-3.0pp	8.6%+5.9pp	2.7%
Current Ratio	7.77+5.2	2.61-4.6	7.17+1.1	6.05-0.3	6.33+0.1	6.22
Debt-to-Equity	0.29-0.2	0.46-0.1	0.56-0.0	0.60-0.0	0.64-0.1	0.76
FCF Margin	-25.4%-41.9pp	16.5%-5.7pp	22.2%+8.3pp	14.0%+4.4pp	9.6%-5.5pp	15.1%

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Gross Margin	32.7%+0.6pp	32.1%+4.5pp	27.6%-4.3pp	31.9%+1.7pp	30.2%+1.4pp	28.8%+0.7pp	28.1%-3.0pp	31.1%
Operating Margin	10.1%+2.5pp	7.6%+3.0pp	4.6%-2.3pp	6.9%-0.9pp	7.8%-79.9pp	87.7%+81.7pp	6.0%+3.9pp	2.2%
Net Margin	10.7%+92.9pp	-82.2%-62.5pp	-19.7%-20.6pp	0.9%-0.8pp	1.7%-41.4pp	43.1%-63.9pp	107.0%+85.1pp	21.8%
Return on Equity	1.2%+9.8pp	-8.6%-6.5pp	-2.1%-2.2pp	0.1%-0.1pp	0.2%-4.0pp	4.2%-5.2pp	9.3%+7.2pp	2.1%
Return on Assets	0.9%+7.6pp	-6.7%-5.1pp	-1.6%-1.6pp	0.1%-0.1pp	0.1%-2.7pp	2.9%-3.3pp	6.2%+4.8pp	1.4%
Current Ratio	10.65+2.9	7.77+2.8	4.96-0.5	5.41-0.4	5.81+3.2	2.61-4.1	6.72-1.0	7.69
Debt-to-Equity	0.28-0.0	0.29-0.0	0.33+0.0	0.320.0	0.31-0.1	0.46-0.1	0.52-0.0	0.55
FCF Margin	-9.7%+2.9pp	-12.6%-30.0pp	17.4%+2.7pp	14.7%+134.7pp	-119.9%-142.7pp	22.8%+41.0pp	-18.3%-60.4pp	42.1%

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Frequently Asked Questions

What is NLI HOLDINGS INC's annual revenue?

NLI HOLDINGS INC (NL) reported $158.3M in total revenue for fiscal year 2025. This represents a 8.5% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is NLI HOLDINGS INC's revenue growing?

NLI HOLDINGS INC (NL) revenue grew by 8.5% year-over-year, from $145.9M to $158.3M in fiscal year 2025.

Is NLI HOLDINGS INC profitable?

No, NLI HOLDINGS INC (NL) reported a net income of -$37.8M in fiscal year 2025, with a net profit margin of -23.9%.

What is NLI HOLDINGS INC's EBITDA?

NLI HOLDINGS INC (NL) had EBITDA of $14.3M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

What is NLI HOLDINGS INC's gross margin?

NLI HOLDINGS INC (NL) had a gross margin of 30.4% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

What is NLI HOLDINGS INC's operating margin?

NLI HOLDINGS INC (NL) had an operating margin of 6.7% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is NLI HOLDINGS INC's net profit margin?

NLI HOLDINGS INC (NL) had a net profit margin of -23.9% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Does NLI HOLDINGS INC pay dividends?

Yes, NLI HOLDINGS INC (NL) paid $0.57 per share in dividends during fiscal year 2025.

What is NLI HOLDINGS INC's return on equity (ROE)?

NLI HOLDINGS INC (NL) has a return on equity of -10.5% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is NLI HOLDINGS INC's free cash flow?

NLI HOLDINGS INC (NL) generated -$40.1M in free cash flow during fiscal year 2025. This represents a -266.3% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is NLI HOLDINGS INC's operating cash flow?

NLI HOLDINGS INC (NL) generated -$36.4M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are NLI HOLDINGS INC's total assets?

NLI HOLDINGS INC (NL) had $464.2M in total assets as of fiscal year 2025, including both current and long-term assets.

What are NLI HOLDINGS INC's capital expenditures?

NLI HOLDINGS INC (NL) invested $3.7M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

How many shares does NLI HOLDINGS INC have outstanding?

NLI HOLDINGS INC (NL) had 49M shares outstanding as of fiscal year 2025.

What is NLI HOLDINGS INC's current ratio?

NLI HOLDINGS INC (NL) had a current ratio of 7.77 as of fiscal year 2025, which is generally considered healthy.

What is NLI HOLDINGS INC's debt-to-equity ratio?

NLI HOLDINGS INC (NL) had a debt-to-equity ratio of 0.29 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is NLI HOLDINGS INC's return on assets (ROA)?

NLI HOLDINGS INC (NL) had a return on assets of -8.2% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is NLI HOLDINGS INC's cash runway?

Based on fiscal year 2025 data, NLI HOLDINGS INC (NL) had $110.6M in cash against an annual operating cash burn of $36.4M. This gives an estimated cash runway of approximately 36 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.

What is NLI HOLDINGS INC's Altman Z-Score?

NLI HOLDINGS INC (NL) has an Altman Z-Score of 3.90, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

What is NLI HOLDINGS INC's Piotroski F-Score?

NLI HOLDINGS INC (NL) has a Piotroski F-Score of 4 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are NLI HOLDINGS INC's earnings high quality?

NLI HOLDINGS INC (NL) has an earnings quality ratio of 0.96x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Can NLI HOLDINGS INC cover its interest payments?

NLI HOLDINGS INC (NL) has an interest coverage ratio of 13.9x, meaning it can comfortably cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

How financially healthy is NLI HOLDINGS INC?

NLI HOLDINGS INC (NL) scores 51 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.