Nordex Balance Sheet Health
Financial Health criteria checks 4/6
Nordex has a total shareholder equity of €964.2M and total debt of €45.2M, which brings its debt-to-equity ratio to 4.7%. Its total assets and total liabilities are €5.2B and €4.2B respectively.
Key information
4.7%
Debt to equity ratio
€45.19m
Debt
Interest coverage ratio | n/a |
Cash | €661.14m |
Equity | €964.19m |
Total liabilities | €4.22b |
Total assets | €5.19b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: NDX1D's short term assets (€3.3B) do not cover its short term liabilities (€3.4B).
Long Term Liabilities: NDX1D's short term assets (€3.3B) exceed its long term liabilities (€832.3M).
Debt to Equity History and Analysis
Debt Level: NDX1D has more cash than its total debt.
Reducing Debt: NDX1D's debt to equity ratio has reduced from 52.9% to 4.7% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: NDX1D has sufficient cash runway for more than 3 years based on its current free cash flow.
Forecast Cash Runway: Insufficient data to determine if NDX1D has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.