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Neste Oyj Balance Sheet Health
Financial Health criteria checks 5/6
Neste Oyj has a total shareholder equity of €7.7B and total debt of €2.1B, which brings its debt-to-equity ratio to 26.6%. Its total assets and total liabilities are €15.3B and €7.5B respectively. Neste Oyj's EBIT is €2.3B making its interest coverage ratio 50.9. It has cash and short-term investments of €1.0B.
Key information
26.6%
Debt to equity ratio
€2.06b
Debt
| Interest coverage ratio | 50.9x |
| Cash | €1.03b |
| Equity | €7.75b |
| Total liabilities | €7.53b |
| Total assets | €15.27b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: NEF's short term assets (€8.2B) exceed its short term liabilities (€5.0B).
Long Term Liabilities: NEF's short term assets (€8.2B) exceed its long term liabilities (€2.6B).
Debt to Equity History and Analysis
Debt Level: NEF's net debt to equity ratio (13.3%) is considered satisfactory.
Reducing Debt: NEF's debt to equity ratio has increased from 26% to 26.6% over the past 5 years.
Debt Coverage: NEF's debt is well covered by operating cash flow (80.4%).
Interest Coverage: NEF's interest payments on its debt are well covered by EBIT (50.9x coverage).