Nokian Renkaat Oyj Balance Sheet Health
Financial Health criteria checks 3/6
Nokian Renkaat Oyj has a total shareholder equity of €1.3B and total debt of €544.9M, which brings its debt-to-equity ratio to 41%. Its total assets and total liabilities are €2.3B and €978.4M respectively. Nokian Renkaat Oyj's EBIT is €24.3M making its interest coverage ratio 1.7. It has cash and short-term investments of €283.2M.
Key information
41.0%
Debt to equity ratio
€544.90m
Debt
Interest coverage ratio | 1.7x |
Cash | €283.20m |
Equity | €1.33b |
Total liabilities | €978.40m |
Total assets | €2.31b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: NRE1's short term assets (€1.1B) exceed its short term liabilities (€459.2M).
Long Term Liabilities: NRE1's short term assets (€1.1B) exceed its long term liabilities (€519.2M).
Debt to Equity History and Analysis
Debt Level: NRE1's net debt to equity ratio (19.7%) is considered satisfactory.
Reducing Debt: NRE1's debt to equity ratio has increased from 7.7% to 41% over the past 5 years.
Debt Coverage: NRE1's debt is not well covered by operating cash flow (9.7%).
Interest Coverage: NRE1's interest payments on its debt are not well covered by EBIT (1.7x coverage).