Newlat Food Balance Sheet Health
Financial Health criteria checks 3/6
Newlat Food has a total shareholder equity of €190.4M and total debt of €407.8M, which brings its debt-to-equity ratio to 214.2%. Its total assets and total liabilities are €902.6M and €712.2M respectively. Newlat Food's EBIT is €25.7M making its interest coverage ratio 2.8. It has cash and short-term investments of €394.2M.
Key information
214.2%
Debt to equity ratio
€407.80m
Debt
| Interest coverage ratio | 2.8x |
| Cash | €394.24m |
| Equity | €190.36m |
| Total liabilities | €712.19m |
| Total assets | €902.55m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 6NF's short term assets (€596.8M) exceed its short term liabilities (€304.7M).
Long Term Liabilities: 6NF's short term assets (€596.8M) exceed its long term liabilities (€407.4M).
Debt to Equity History and Analysis
Debt Level: 6NF's net debt to equity ratio (7.1%) is considered satisfactory.
Reducing Debt: 6NF's debt to equity ratio has increased from 158.1% to 214.2% over the past 5 years.
Debt Coverage: 6NF's debt is not well covered by operating cash flow (17%).
Interest Coverage: 6NF's interest payments on its debt are not well covered by EBIT (2.8x coverage).