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 ratio | 0.8x |
| 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).