Netfonds Balance Sheet Health
Financial Health criteria checks 5/6
Netfonds has a total shareholder equity of €21.5M and total debt of €10.4M, which brings its debt-to-equity ratio to 48.5%. Its total assets and total liabilities are €72.3M and €50.8M respectively. Netfonds's EBIT is €2.7M making its interest coverage ratio 74. It has cash and short-term investments of €4.2M.
Key information
48.5%
Debt to equity ratio
€10.40m
Debt
| Interest coverage ratio | 74x |
| Cash | €4.24m |
| Equity | €21.45m |
| Total liabilities | €50.81m |
| Total assets | €72.26m |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: NF4's short term assets (€48.3M) exceed its short term liabilities (€38.5M).
Long Term Liabilities: NF4's short term assets (€48.3M) exceed its long term liabilities (€12.3M).
Debt to Equity History and Analysis
Debt Level: NF4's net debt to equity ratio (28.7%) is considered satisfactory.
Reducing Debt: NF4's debt to equity ratio has reduced from 110.7% to 48.5% over the past 5 years.
Debt Coverage: NF4's debt is not well covered by operating cash flow (14.4%).
Interest Coverage: NF4's interest payments on its debt are well covered by EBIT (74x coverage).