Nokian Renkaat Oyj Balance Sheet Health
Financial Health criteria checks 2/6
Nokian Renkaat Oyj has a total shareholder equity of €1.3B and total debt of €875.1M, which brings its debt-to-equity ratio to 69.9%. Its total assets and total liabilities are €2.5B and €1.3B respectively. Nokian Renkaat Oyj's EBIT is €19.2M making its interest coverage ratio 0.8. It has cash and short-term investments of €160.4M.
Key information
69.9%
Debt to equity ratio
€875.10m
Debt
| Interest coverage ratio | 0.8x |
| Cash | €160.40m |
| Equity | €1.25b |
| Total liabilities | €1.27b |
| Total assets | €2.52b |
Recent financial health updates
These 4 Measures Indicate That Nokian Renkaat Oyj (HEL:TYRES) Is Using Debt Extensively
Oct 27
Is Nokian Renkaat Oyj (HEL:TYRES) Using Too Much Debt?
Dec 09These 4 Measures Indicate That Nokian Renkaat Oyj (HEL:TYRES) Is Using Debt Reasonably Well
Aug 12Here's Why Nokian Renkaat Oyj (HEL:TYRES) Can Manage Its Debt Responsibly
Apr 27These 4 Measures Indicate That Nokian Renkaat Oyj (HEL:TYRES) Is Using Debt Reasonably Well
Dec 09Recent updates
Nokian Renkaat Oyj's (HEL:TYRES) Subdued P/S Might Signal An Opportunity
Dec 20These 4 Measures Indicate That Nokian Renkaat Oyj (HEL:TYRES) Is Using Debt Extensively
Oct 27Nokian Renkaat Oyj (HEL:TYRES) Could Be Struggling To Allocate Capital
Sep 30Nokian Renkaat Oyj (HEL:TYRES) Strong Profits May Be Masking Some Underlying Issues
Jul 27Is Nokian Renkaat Oyj (HEL:TYRES) Trading At A 44% Discount?
Jun 15Capital Allocation Trends At Nokian Renkaat Oyj (HEL:TYRES) Aren't Ideal
May 24Nokian Renkaat Oyj (HEL:TYRES) Is Paying Out A Dividend Of €0.35
Apr 22Nokian Renkaat Oyj (HEL:TYRES) Will Pay A Dividend Of €0.35
Mar 29Nokian Renkaat Oyj's (HEL:TYRES) Dividend Will Be €0.35
Mar 15Is There An Opportunity With Nokian Renkaat Oyj's (HEL:TYRES) 40% Undervaluation?
Feb 15Is Nokian Renkaat Oyj (HEL:TYRES) Using Too Much Debt?
Dec 09When Should You Buy Nokian Renkaat Oyj (HEL:TYRES)?
Oct 26Be Wary Of Nokian Renkaat Oyj (HEL:TYRES) And Its Returns On Capital
Sep 28These 4 Measures Indicate That Nokian Renkaat Oyj (HEL:TYRES) Is Using Debt Reasonably Well
Aug 12Is Now An Opportune Moment To Examine Nokian Renkaat Oyj (HEL:TYRES)?
May 23Here's Why Nokian Renkaat Oyj (HEL:TYRES) Can Manage Its Debt Responsibly
Apr 27Nokian Renkaat Oyj (HEL:TYRES) Has Announced That Its Dividend Will Be Reduced To €0.35
Apr 05Estimating The Fair Value Of Nokian Renkaat Oyj (HEL:TYRES)
Mar 30Nokian Renkaat Oyj (HEL:TYRES) Is Reducing Its Dividend To €0.35
Feb 11What Is Nokian Renkaat Oyj's (HEL:TYRES) Share Price Doing?
Feb 03These 4 Measures Indicate That Nokian Renkaat Oyj (HEL:TYRES) Is Using Debt Reasonably Well
Dec 09Financial Position Analysis
Short Term Liabilities: TYRES's short term assets (€1.2B) exceed its short term liabilities (€527.6M).
Long Term Liabilities: TYRES's short term assets (€1.2B) exceed its long term liabilities (€745.9M).
Debt to Equity History and Analysis
Debt Level: TYRES's net debt to equity ratio (57.1%) is considered high.
Reducing Debt: TYRES's debt to equity ratio has increased from 23.5% to 69.9% over the past 5 years.
Debt Coverage: TYRES's debt is not well covered by operating cash flow (6.9%).
Interest Coverage: TYRES's interest payments on its debt are not well covered by EBIT (0.8x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/01/18 02:23 |
| End of Day Share Price | 2025/01/17 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Nokian Renkaat Oyj is covered by 38 analysts. 11 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Hans-Peter Wodniok | AlphaValue |
| Mikhail Pak | Aton LLC |
| Kristina Church | Barclays |