Nurminen Logistics Oyj Balance Sheet Health
Financial Health criteria checks 3/6
Nurminen Logistics Oyj has a total shareholder equity of €46.2M and total debt of €33.1M, which brings its debt-to-equity ratio to 71.5%. Its total assets and total liabilities are €107.0M and €60.7M respectively. Nurminen Logistics Oyj's EBIT is €23.3M making its interest coverage ratio 6.7. It has cash and short-term investments of €10.2M.
Key information
71.5%
Debt to equity ratio
€33.06m
Debt
| Interest coverage ratio | 6.7x |
| Cash | €10.16m |
| Equity | €46.22m |
| Total liabilities | €60.74m |
| Total assets | €106.97m |
Recent financial health updates
Nurminen Logistics Oyj (HEL:NLG1V) Has A Pretty Healthy Balance Sheet
Dec 24
Nurminen Logistics Oyj (HEL:NLG1V) Has A Somewhat Strained Balance Sheet
May 25Nurminen Logistics Oyj (HEL:NLG1V) Has A Pretty Healthy Balance Sheet
Dec 21Is Nurminen Logistics Oyj (HEL:NLG1V) A Risky Investment?
Mar 16Nurminen Logistics Oyj (HEL:NLG1V) Takes On Some Risk With Its Use Of Debt
Nov 19Is Nurminen Logistics Oyj (HEL:NLG1V) Using Too Much Debt?
Apr 07Recent updates
Nurminen Logistics Oyj (HEL:NLG1V) Has A Pretty Healthy Balance Sheet
Dec 24Take Care Before Diving Into The Deep End On Nurminen Logistics Oyj (HEL:NLG1V)
Aug 02Nurminen Logistics Oyj (HEL:NLG1V) Has A Somewhat Strained Balance Sheet
May 25Nurminen Logistics Oyj Just Reported A Surprise Loss: Here's What Analysts Think Will Happen Next
Mar 04Nurminen Logistics Oyj (HEL:NLG1V) Has A Pretty Healthy Balance Sheet
Dec 21Returns At Nurminen Logistics Oyj (HEL:NLG1V) Are On The Way Up
Nov 10Nurminen Logistics Oyj's (HEL:NLG1V) Earnings Are Weaker Than They Seem
Aug 12The Return Trends At Nurminen Logistics Oyj (HEL:NLG1V) Look Promising
Aug 05There's Been No Shortage Of Growth Recently For Nurminen Logistics Oyj's (HEL:NLG1V) Returns On Capital
Apr 11Is Nurminen Logistics Oyj (HEL:NLG1V) A Risky Investment?
Mar 16Nurminen Logistics Oyj (HEL:NLG1V) Takes On Some Risk With Its Use Of Debt
Nov 19Is Nurminen Logistics Oyj (HEL:NLG1V) Using Too Much Debt?
Apr 07Introducing Nurminen Logistics Oyj (HEL:NLG1V), The Stock That Zoomed 150% In The Last Year
Feb 22Financial Position Analysis
Short Term Liabilities: NLG1V's short term assets (€20.0M) do not cover its short term liabilities (€33.5M).
Long Term Liabilities: NLG1V's short term assets (€20.0M) do not cover its long term liabilities (€27.2M).
Debt to Equity History and Analysis
Debt Level: NLG1V's net debt to equity ratio (49.6%) is considered high.
Reducing Debt: NLG1V's debt to equity ratio has reduced from 160.1% to 71.5% over the past 5 years.
Debt Coverage: NLG1V's debt is well covered by operating cash flow (110.2%).
Interest Coverage: NLG1V's interest payments on its debt are well covered by EBIT (6.7x coverage).