Netfonds Balance Sheet Health
Financial Health criteria checks 5/6
Netfonds has a total shareholder equity of €22.4M and total debt of €9.1M, which brings its debt-to-equity ratio to 40.7%. Its total assets and total liabilities are €63.7M and €41.2M respectively. Netfonds's EBIT is €4.2M making its interest coverage ratio 30.1. It has cash and short-term investments of €6.4M.
Key information
40.7%
Debt to equity ratio
€9.12m
Debt
Interest coverage ratio | 30.1x |
Cash | €6.41m |
Equity | €22.43m |
Total liabilities | €41.23m |
Total assets | €63.67m |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: NF4's short term assets (€39.8M) exceed its short term liabilities (€30.2M).
Long Term Liabilities: NF4's short term assets (€39.8M) exceed its long term liabilities (€11.0M).
Debt to Equity History and Analysis
Debt Level: NF4's net debt to equity ratio (12.1%) is considered satisfactory.
Reducing Debt: NF4's debt to equity ratio has increased from 32.7% to 40.7% over the past 5 years.
Debt Coverage: NF4's debt is well covered by operating cash flow (33.7%).
Interest Coverage: NF4's interest payments on its debt are well covered by EBIT (30.1x coverage).