Neste Oyj Balance Sheet Health
Financial Health criteria checks 5/6
Neste Oyj has a total shareholder equity of €7.5B and total debt of €3.8B, which brings its debt-to-equity ratio to 49.8%. Its total assets and total liabilities are €16.4B and €8.8B respectively. Neste Oyj's EBIT is €1.2B making its interest coverage ratio 14.6. It has cash and short-term investments of €823.0M.
Key information
49.8%
Debt to equity ratio
€3.75b
Debt
| Interest coverage ratio | 14.6x |
| Cash | €823.00m |
| Equity | €7.53b |
| Total liabilities | €8.85b |
| Total assets | €16.38b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: NEF's short term assets (€6.8B) exceed its short term liabilities (€4.1B).
Long Term Liabilities: NEF's short term assets (€6.8B) exceed its long term liabilities (€4.7B).
Debt to Equity History and Analysis
Debt Level: NEF's net debt to equity ratio (38.9%) is considered satisfactory.
Reducing Debt: NEF's debt to equity ratio has increased from 24% to 49.8% over the past 5 years.
Debt Coverage: NEF's debt is well covered by operating cash flow (39.1%).
Interest Coverage: NEF's interest payments on its debt are well covered by EBIT (14.6x coverage).