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
These 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 09Nokian Renkaat Oyj (HEL:TYRES) Hasn't Managed To Accelerate Its Returns
Jul 20Financial 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).