NKT Balance Sheet Health
Financial Health criteria checks 6/6
NKT has a total shareholder equity of €1.6B and total debt of €143.5M, which brings its debt-to-equity ratio to 9.1%. Its total assets and total liabilities are €3.6B and €2.0B respectively. NKT's EBIT is €165.1M making its interest coverage ratio -91.7. It has cash and short-term investments of €887.9M.
Key information
9.1%
Debt to equity ratio
€143.50m
Debt
Interest coverage ratio | -91.7x |
Cash | €887.90m |
Equity | €1.58b |
Total liabilities | €2.03b |
Total assets | €3.60b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: NKT's short term assets (€2.0B) exceed its short term liabilities (€1.7B).
Long Term Liabilities: NKT's short term assets (€2.0B) exceed its long term liabilities (€282.9M).
Debt to Equity History and Analysis
Debt Level: NKT has more cash than its total debt.
Reducing Debt: NKT's debt to equity ratio has reduced from 30.9% to 9.1% over the past 5 years.
Debt Coverage: NKT's debt is well covered by operating cash flow (377.1%).
Interest Coverage: NKT earns more interest than it pays, so coverage of interest payments is not a concern.