Netum Group Oyj Balance Sheet Health

Financial Health criteria checks 2/6

Netum Group Oyj has a total shareholder equity of €12.6M and total debt of €8.7M, which brings its debt-to-equity ratio to 69.2%. Its total assets and total liabilities are €31.5M and €18.9M respectively. Netum Group Oyj's EBIT is €562.1K making its interest coverage ratio 0.8. It has cash and short-term investments of €285.0K.

Key information

69.2%

Debt to equity ratio

€8.74m

Debt

Interest coverage ratio0.8x
Cash€285.00k
Equity€12.62m
Total liabilities€18.92m
Total assets€31.53m

Recent financial health updates

Recent updates

Netum Group Oyj (HEL:NETUM) Is Carrying A Fair Bit Of Debt

May 30
Netum Group Oyj (HEL:NETUM) Is Carrying A Fair Bit Of Debt

Netum Group Oyj's (HEL:NETUM) Shares Not Telling The Full Story

Jul 18
Netum Group Oyj's (HEL:NETUM) Shares Not Telling The Full Story

Netum Group Oyj (HEL:NETUM) Has Some Difficulty Using Its Capital Effectively

Dec 17
Netum Group Oyj (HEL:NETUM) Has Some Difficulty Using Its Capital Effectively

Netum Group Oyj Just Missed Earnings - But Analysts Have Updated Their Models

Mar 10
Netum Group Oyj Just Missed Earnings - But Analysts Have Updated Their Models

Financial Position Analysis

Short Term Liabilities: NETUM's short term assets (€9.0M) do not cover its short term liabilities (€11.0M).

Long Term Liabilities: NETUM's short term assets (€9.0M) exceed its long term liabilities (€7.9M).


Debt to Equity History and Analysis

Debt Level: NETUM's net debt to equity ratio (67%) is considered high.

Reducing Debt: NETUM's debt to equity ratio has reduced from 158.4% to 69.2% over the past 5 years.

Debt Coverage: NETUM's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: NETUM's interest payments on its debt are not well covered by EBIT (0.8x coverage).


Balance Sheet


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