Nexans Balance Sheet Health
Financial Health criteria checks 5/6
Nexans has a total shareholder equity of €1.8B and total debt of €1.8B, which brings its debt-to-equity ratio to 97.9%. Its total assets and total liabilities are €7.7B and €5.9B respectively. Nexans's EBIT is €493.0M making its interest coverage ratio 9.5. It has cash and short-term investments of €1.1B.
Key information
97.9%
Debt to equity ratio
€1.79b
Debt
| Interest coverage ratio | 9.5x |
| Cash | €1.12b |
| Equity | €1.83b |
| Total liabilities | €5.90b |
| Total assets | €7.73b |
Recent financial health updates
No updates
Recent updates
No updates
Financial Position Analysis
Short Term Liabilities: NEX's short term assets (€4.4B) exceed its short term liabilities (€3.8B).
Long Term Liabilities: NEX's short term assets (€4.4B) exceed its long term liabilities (€2.1B).
Debt to Equity History and Analysis
Debt Level: NEX's net debt to equity ratio (36.6%) is considered satisfactory.
Reducing Debt: NEX's debt to equity ratio has increased from 83.9% to 97.9% over the past 5 years.
Debt Coverage: NEX's debt is well covered by operating cash flow (36.4%).
Interest Coverage: NEX's interest payments on its debt are well covered by EBIT (9.5x coverage).