Nokian Renkaat Oyj Balance Sheet Health

Financial Health criteria checks 2/6

Nokian Renkaat Oyj has a total shareholder equity of €1.3B and total debt of €875.1M, which brings its debt-to-equity ratio to 69.9%. Its total assets and total liabilities are €2.5B and €1.3B respectively. Nokian Renkaat Oyj's EBIT is €19.2M making its interest coverage ratio 0.8. It has cash and short-term investments of €160.4M.

Key information

69.9%

Debt to equity ratio

€875.10m

Debt

Interest coverage ratio0.8x
Cash€160.40m
Equity€1.25b
Total liabilities€1.27b
Total assets€2.52b

Recent financial health updates

No updates

Recent updates

Financial Position Analysis

Short Term Liabilities: NRE1's short term assets (€1.2B) exceed its short term liabilities (€527.6M).

Long Term Liabilities: NRE1's short term assets (€1.2B) exceed its long term liabilities (€745.9M).


Debt to Equity History and Analysis

Debt Level: NRE1's net debt to equity ratio (57.1%) is considered high.

Reducing Debt: NRE1's debt to equity ratio has increased from 23.5% to 69.9% over the past 5 years.

Debt Coverage: NRE1's debt is not well covered by operating cash flow (6.9%).

Interest Coverage: NRE1's interest payments on its debt are not well covered by EBIT (0.8x coverage).


Balance Sheet


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