NBI Bearings Europe Balance Sheet Health
Financial Health criteria checks 3/6
NBI Bearings Europe has a total shareholder equity of €19.2M and total debt of €50.0M, which brings its debt-to-equity ratio to 261.2%. Its total assets and total liabilities are €85.9M and €66.8M respectively. NBI Bearings Europe's EBIT is €3.5M making its interest coverage ratio 3.5. It has cash and short-term investments of €19.4M.
Key information
261.2%
Debt to equity ratio
€50.02m
Debt
Interest coverage ratio | 3.5x |
Cash | €19.39m |
Equity | €19.15m |
Total liabilities | €66.80m |
Total assets | €85.95m |
Recent financial health updates
Is NBI Bearings Europe (BME:NBI) Using Too Much Debt?
Dec 01Does NBI Bearings Europe (BME:NBI) Have A Healthy Balance Sheet?
Mar 18Recent updates
There May Be Some Bright Spots In NBI Bearings Europe's (BME:NBI) Earnings
Apr 03Is NBI Bearings Europe (BME:NBI) Using Too Much Debt?
Dec 01Shareholders Shouldn’t Be Too Comfortable With NBI Bearings Europe's (BME:NBI) Strong Earnings
Apr 07Does NBI Bearings Europe (BME:NBI) Have A Healthy Balance Sheet?
Mar 18Can You Imagine How Elated NBI Bearings Europe's (BME:NBI) Shareholders Feel About Its 321% Share Price Gain?
Feb 16What NBI Bearings Europe, S.A.'s (BME:NBI) ROE Can Tell Us
Dec 16Investors Who Bought NBI Bearings Europe (BME:NBI) Shares Five Years Ago Are Now Up 172%
Nov 18Financial Position Analysis
Short Term Liabilities: NBI's short term assets (€55.7M) exceed its short term liabilities (€28.6M).
Long Term Liabilities: NBI's short term assets (€55.7M) exceed its long term liabilities (€38.2M).
Debt to Equity History and Analysis
Debt Level: NBI's net debt to equity ratio (159.9%) is considered high.
Reducing Debt: NBI's debt to equity ratio has increased from 178.8% to 261.2% over the past 5 years.
Debt Coverage: NBI's debt is not well covered by operating cash flow (2.8%).
Interest Coverage: NBI's interest payments on its debt are well covered by EBIT (3.5x coverage).