Nexans Balance Sheet Health
Financial Health criteria checks 6/6
Nexans has a total shareholder equity of €1.7B and total debt of €1.2B, which brings its debt-to-equity ratio to 70.9%. Its total assets and total liabilities are €6.5B and €4.8B respectively. Nexans's EBIT is €414.0M making its interest coverage ratio 7.3. It has cash and short-term investments of €1.1B.
Key information
70.9%
Debt to equity ratio
€1.21b
Debt
Interest coverage ratio | 7.3x |
Cash | €1.13b |
Equity | €1.71b |
Total liabilities | €4.83b |
Total assets | €6.54b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: NXS's short term assets (€3.8B) exceed its short term liabilities (€3.6B).
Long Term Liabilities: NXS's short term assets (€3.8B) exceed its long term liabilities (€1.2B).
Debt to Equity History and Analysis
Debt Level: NXS's net debt to equity ratio (4.8%) is considered satisfactory.
Reducing Debt: NXS's debt to equity ratio has reduced from 90.1% to 70.9% over the past 5 years.
Debt Coverage: NXS's debt is well covered by operating cash flow (57.7%).
Interest Coverage: NXS's interest payments on its debt are well covered by EBIT (7.3x coverage).