Nordex Balance Sheet Health
Financial Health criteria checks 5/6
Nordex has a total shareholder equity of €973.6M and total debt of €304.9M, which brings its debt-to-equity ratio to 31.3%. Its total assets and total liabilities are €5.4B and €4.5B respectively. Nordex's EBIT is €106.0M making its interest coverage ratio 1.2. It has cash and short-term investments of €750.1M.
Key information
31.3%
Debt to equity ratio
€304.87m
Debt
| Interest coverage ratio | 1.2x |
| Cash | €750.08m |
| Equity | €973.56m |
| Total liabilities | €4.47b |
| Total assets | €5.45b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 002083267's short term assets (€3.4B) do not cover its short term liabilities (€3.5B).
Long Term Liabilities: 002083267's short term assets (€3.4B) exceed its long term liabilities (€1.0B).
Debt to Equity History and Analysis
Debt Level: 002083267 has more cash than its total debt.
Reducing Debt: 002083267's debt to equity ratio has reduced from 92.5% to 31.3% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable 002083267 has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: 002083267 is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 19.4% per year.