Nicolás Correa Balance Sheet Health
Financial Health criteria checks 6/6
Nicolás Correa has a total shareholder equity of €74.8M and total debt of €7.2M, which brings its debt-to-equity ratio to 9.6%. Its total assets and total liabilities are €137.6M and €62.8M respectively. Nicolás Correa's EBIT is €12.1M making its interest coverage ratio 85.9. It has cash and short-term investments of €19.6M.
Key information
9.6%
Debt to equity ratio
€7.16m
Debt
| Interest coverage ratio | 85.9x |
| Cash | €19.63m |
| Equity | €74.78m |
| Total liabilities | €62.84m |
| Total assets | €137.63m |
Recent financial health updates
Here's Why Nicolás Correa (BME:NEA) Can Manage Its Debt Responsibly
Jun 01
We Think Nicolás Correa (BME:NEA) Can Stay On Top Of Its Debt
Mar 01Recent updates
When Should You Buy Nicolás Correa, S.A. (BME:NEA)?
Sep 27Nicolás Correa (BME:NEA) Is Looking To Continue Growing Its Returns On Capital
Jun 14There May Be Reason For Hope In Nicolás Correa's (BME:NEA) Disappointing Earnings
Mar 07Here's Why Nicolás Correa (BME:NEA) Can Manage Its Debt Responsibly
Jun 01Returns Are Gaining Momentum At Nicolás Correa (BME:NEA)
Apr 19Is Nicolás Correa, S.A. (BME:NEA) A Smart Pick For Income Investors?
Apr 02When Should You Buy Nicolás Correa, S.A. (BME:NEA)?
Mar 18We Think Nicolás Correa (BME:NEA) Can Stay On Top Of Its Debt
Mar 01Nicolás Correa, S.A.'s (BME:NEA) Fundamentals Look Pretty Strong: Could The Market Be Wrong About The Stock?
Feb 09
Shareholders Of Nicolás Correa (BME:NEA) Must Be Happy With Their 280% Total Return
Jan 23Returns On Capital - An Important Metric For Nicolás Correa (BME:NEA)
Jan 05Is Nicolás Correa, S.A. (BME:NEA) A Smart Choice For Dividend Investors?
Dec 18Is It Too Late To Consider Buying Nicolás Correa, S.A. (BME:NEA)?
Dec 02Financial Position Analysis
Short Term Liabilities: NEA's short term assets (€90.5M) exceed its short term liabilities (€54.6M).
Long Term Liabilities: NEA's short term assets (€90.5M) exceed its long term liabilities (€8.2M).
Debt to Equity History and Analysis
Debt Level: NEA has more cash than its total debt.
Reducing Debt: NEA's debt to equity ratio has reduced from 15.5% to 9.6% over the past 5 years.
Debt Coverage: NEA's debt is well covered by operating cash flow (114.8%).
Interest Coverage: NEA's interest payments on its debt are well covered by EBIT (85.9x coverage).