Nel Balance Sheet Health
Financial Health criteria checks 6/6
Nel has a total shareholder equity of NOK6.2B and total debt of NOK22.9M, which brings its debt-to-equity ratio to 0.4%. Its total assets and total liabilities are NOK7.8B and NOK1.5B respectively.
Key information
0.4%
Debt to equity ratio
NOK 22.94m
Debt
| Interest coverage ratio | n/a |
| Cash | NOK 3.26b |
| Equity | NOK 6.22b |
| Total liabilities | NOK 1.53b |
| Total assets | NOK 7.75b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: NELO's short term assets (NOK5.1B) exceed its short term liabilities (NOK1.2B).
Long Term Liabilities: NELO's short term assets (NOK5.1B) exceed its long term liabilities (NOK336.1M).
Debt to Equity History and Analysis
Debt Level: NELO has more cash than its total debt.
Reducing Debt: NELO's debt to equity ratio has reduced from 1.6% to 0.4% 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: NELO has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: NELO has sufficient cash runway for more than 3 years if free cash flow continues to reduce at historical rates of 31.8% each year