Nicolás Correa Balance Sheet Health
Financial Health criteria checks 6/6
Nicolás Correa has a total shareholder equity of €60.4M and total debt of €10.6M, which brings its debt-to-equity ratio to 17.5%. Its total assets and total liabilities are €117.4M and €56.9M respectively. Nicolás Correa's EBIT is €7.0M making its interest coverage ratio 22.3. It has cash and short-term investments of €17.3M.
Key information
17.5%
Debt to equity ratio
€10.56m
Debt
| Interest coverage ratio | 22.3x |
| Cash | €17.31m |
| Equity | €60.42m |
| Total liabilities | €56.93m |
| Total assets | €117.35m |
Recent financial health updates
No updates
Recent updates
No updates
Financial Position Analysis
Short Term Liabilities: NEAE's short term assets (€77.8M) exceed its short term liabilities (€47.9M).
Long Term Liabilities: NEAE's short term assets (€77.8M) exceed its long term liabilities (€9.1M).
Debt to Equity History and Analysis
Debt Level: NEAE has more cash than its total debt.
Reducing Debt: NEAE's debt to equity ratio has reduced from 51% to 17.5% over the past 5 years.
Debt Coverage: NEAE's debt is well covered by operating cash flow (54.5%).
Interest Coverage: NEAE's interest payments on its debt are well covered by EBIT (22.3x coverage).