Neinor Homes Balance Sheet Health
Financial Health criteria checks 5/6
Neinor Homes has a total shareholder equity of €978.0M and total debt of €383.6M, which brings its debt-to-equity ratio to 39.2%. Its total assets and total liabilities are €1.6B and €667.6M respectively. Neinor Homes's EBIT is €99.1M making its interest coverage ratio 6.3. It has cash and short-term investments of €197.8M.
Key information
39.2%
Debt to equity ratio
€383.59m
Debt
Interest coverage ratio | 6.3x |
Cash | €197.78m |
Equity | €977.96m |
Total liabilities | €667.61m |
Total assets | €1.65b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 1NN's short term assets (€1.3B) exceed its short term liabilities (€487.7M).
Long Term Liabilities: 1NN's short term assets (€1.3B) exceed its long term liabilities (€179.9M).
Debt to Equity History and Analysis
Debt Level: 1NN's net debt to equity ratio (19%) is considered satisfactory.
Reducing Debt: 1NN's debt to equity ratio has reduced from 49.2% to 39.2% over the past 5 years.
Debt Coverage: 1NN's debt is not well covered by operating cash flow (2.7%).
Interest Coverage: 1NN's interest payments on its debt are well covered by EBIT (6.3x coverage).