Nokian Renkaat Oyj Balance Sheet Health
Financial Health criteria checks 3/6
Nokian Renkaat Oyj has a total shareholder equity of €1.3B and total debt of €642.8M, which brings its debt-to-equity ratio to 50.1%. Its total assets and total liabilities are €2.3B and €1.1B respectively. Nokian Renkaat Oyj's EBIT is €23.3M making its interest coverage ratio 1.3. It has cash and short-term investments of €175.3M.
Key information
50.1%
Debt to equity ratio
€642.80m
Debt
| Interest coverage ratio | 1.3x |
| Cash | €175.30m |
| Equity | €1.28b |
| Total liabilities | €1.05b |
| Total assets | €2.33b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: NRE's short term assets (€1.0B) exceed its short term liabilities (€433.9M).
Long Term Liabilities: NRE's short term assets (€1.0B) exceed its long term liabilities (€617.0M).
Debt to Equity History and Analysis
Debt Level: NRE's net debt to equity ratio (36.4%) is considered satisfactory.
Reducing Debt: NRE's debt to equity ratio has increased from 14.6% to 50.1% over the past 5 years.
Debt Coverage: NRE's debt is not well covered by operating cash flow (9.6%).
Interest Coverage: NRE's interest payments on its debt are not well covered by EBIT (1.3x coverage).