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 ratio | 0.8x |
| Cash | €285.00k |
| Equity | €12.62m |
| Total liabilities | €18.92m |
| Total assets | €31.53m |
Recent financial health updates
Recent updates
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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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/22 04:51 |
| End of Day Share Price | 2024/12/20 00:00 |
| Earnings | 2024/06/30 |
| 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
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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
Netum Group Oyj is covered by 2 analysts. 1 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 |
|---|---|
| Marianne Palmu | Inderes Oy |
| Joonas Korkiakoski | Inderes Oy |