Nordex Balance Sheet Health
Financial Health criteria checks 4/6
Nordex has a total shareholder equity of €980.3M and total debt of €425.2M, which brings its debt-to-equity ratio to 43.4%. Its total assets and total liabilities are €5.3B and €4.3B respectively. Nordex's EBIT is €81.5M making its interest coverage ratio 0.9. It has cash and short-term investments of €882.3M.
Key information
43.4%
Debt to equity ratio
€425.25m
Debt
| Interest coverage ratio | 0.9x |
| Cash | €882.29m |
| Equity | €980.27m |
| Total liabilities | €4.33b |
| Total assets | €5.31b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: NDX1's short term assets (€3.4B) do not cover its short term liabilities (€3.4B).
Long Term Liabilities: NDX1's short term assets (€3.4B) exceed its long term liabilities (€921.0M).
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 95% to 43.4% over the past 5 years.
Debt Coverage: NDX1's debt is well covered by operating cash flow (108.6%).
Interest Coverage: NDX1's interest payments on its debt are not well covered by EBIT (0.9x coverage).