NN Group Balance Sheet Health
Financial Health criteria checks 2/6
NN Group has a total shareholder equity of €21.1B and total debt of €13.9B, which brings its debt-to-equity ratio to 65.7%. Its total assets and total liabilities are €208.9B and €187.8B respectively. NN Group's EBIT is €1.5B making its interest coverage ratio 1. It has cash and short-term investments of €57.6B.
Key information
65.7%
Debt to equity ratio
€13.87b
Debt
Interest coverage ratio | 1x |
Cash | €57.60b |
Equity | €21.12b |
Total liabilities | €187.82b |
Total assets | €208.94b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 2NN's short term assets (€66.1B) exceed its short term liabilities (€17.7B).
Long Term Liabilities: 2NN's short term assets (€66.1B) do not cover its long term liabilities (€170.1B).
Debt to Equity History and Analysis
Debt Level: 2NN has more cash than its total debt.
Reducing Debt: 2NN's debt to equity ratio has increased from 40.9% to 65.7% over the past 5 years.
Debt Coverage: 2NN's debt is not well covered by operating cash flow (0.4%).
Interest Coverage: 2NN's interest payments on its debt are not well covered by EBIT (1x coverage).