Nokian Renkaat Oyj Balance Sheet Health
Financial Health criteria checks 3/6
Nokian Renkaat Oyj has a total shareholder equity of €1.3B and total debt of €544.9M, which brings its debt-to-equity ratio to 41%. Its total assets and total liabilities are €2.3B and €978.4M respectively. Nokian Renkaat Oyj's EBIT is €24.3M making its interest coverage ratio 1.7. It has cash and short-term investments of €283.2M.
Key information
41.0%
Debt to equity ratio
€544.90m
Debt
| Interest coverage ratio | 1.7x |
| Cash | €283.20m |
| Equity | €1.33b |
| Total liabilities | €978.40m |
| Total assets | €2.31b |
Recent financial health updates
Is Nokian Renkaat Oyj (HEL:TYRES) Using Too Much Debt?
Dec 09
These 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 09Is Nokian Renkaat Oyj (HEL:TYRES) A Risky Investment?
Feb 03Recent updates
Nokian 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 20Should You Investigate Nokian Renkaat Oyj (HEL:TYRES) At €11.25?
Jun 29Calculating The Fair Value Of Nokian Renkaat Oyj (HEL:TYRES)
Feb 20Is Nokian Renkaat Oyj (HEL:TYRES) A Risky Investment?
Feb 03Investors Met With Slowing Returns on Capital At Nokian Renkaat Oyj (HEL:TYRES)
Jan 04Financial Position Analysis
Short Term Liabilities: TYRES's short term assets (€1.1B) exceed its short term liabilities (€459.2M).
Long Term Liabilities: TYRES's short term assets (€1.1B) exceed its long term liabilities (€519.2M).
Debt to Equity History and Analysis
Debt Level: TYRES's net debt to equity ratio (19.7%) is considered satisfactory.
Reducing Debt: TYRES's debt to equity ratio has increased from 7.7% to 41% over the past 5 years.
Debt Coverage: TYRES's debt is not well covered by operating cash flow (9.7%).
Interest Coverage: TYRES's interest payments on its debt are not well covered by EBIT (1.7x coverage).