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
These 4 Measures Indicate That Nordex (ETR:NDX1) Is Using Debt Reasonably Well
Aug 18
Health Check: How Prudently Does Nordex (ETR:NDX1) Use Debt?
Mar 28Is Nordex (ETR:NDX1) Using Too Much Debt?
Sep 14Nordex (ETR:NDX1) Has Debt But No Earnings; Should You Worry?
Jun 09Nordex (ETR:NDX1) Has Debt But No Earnings; Should You Worry?
Feb 10Is Nordex (ETR:NDX1) Weighed On By Its Debt Load?
Oct 13Recent updates
Does This Valuation Of Nordex SE (ETR:NDX1) Imply Investors Are Overpaying?
Sep 03These 4 Measures Indicate That Nordex (ETR:NDX1) Is Using Debt Reasonably Well
Aug 18Should You Think About Buying Nordex SE (ETR:NDX1) Now?
Aug 02There's No Escaping Nordex SE's (ETR:NDX1) Muted Revenues
Jun 19Should Shareholders Worry About Nordex SE's (ETR:NDX1) CEO Compensation Package?
Apr 17Health Check: How Prudently Does Nordex (ETR:NDX1) Use Debt?
Mar 28Nordex SE (ETR:NDX1) Surges 31% Yet Its Low P/S Is No Reason For Excitement
Mar 07Need To Know: Analysts Are Much More Bullish On Nordex SE (ETR:NDX1) Revenues
Mar 02Nordex SE's (ETR:NDX1) Prospects Need A Boost To Lift Shares
Jan 03Is There An Opportunity With Nordex SE's (ETR:NDX1) 26% Undervaluation?
Dec 19At €10.32, Is Nordex SE (ETR:NDX1) Worth Looking At Closely?
Dec 02Is Nordex (ETR:NDX1) Using Too Much Debt?
Sep 14Nordex SE's (ETR:NDX1) Business And Shares Still Trailing The Industry
Jul 26Nordex (ETR:NDX1) Has Debt But No Earnings; Should You Worry?
Jun 09Nordex (ETR:NDX1) Has Debt But No Earnings; Should You Worry?
Feb 10Is There An Opportunity With Nordex SE's (ETR:NDX1) 40% Undervaluation?
Dec 10Is Nordex (ETR:NDX1) Weighed On By Its Debt Load?
Oct 13Is Nordex (ETR:NDX1) A Risky Investment?
Jun 10Here's What Analysts Are Forecasting For Nordex SE (ETR:NDX1) After Its Annual Results
Apr 01Is Nordex (ETR:NDX1) Weighed On By Its Debt Load?
Feb 18Would Nordex (ETR:NDX1) Be Better Off With Less Debt?
Nov 04Financial Position Analysis
Short Term Liabilities: NDX1's short term assets (€3.4B) do not cover its short term liabilities (€3.5B).
Long Term Liabilities: NDX1's short term assets (€3.4B) exceed its long term liabilities (€1.0B).
Debt to Equity History and Analysis
Debt Level: NDX1 has more cash than its total debt.
Reducing Debt: NDX1'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 NDX1 has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: NDX1 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.