NKT Balance Sheet Health
Financial Health criteria checks 6/6
NKT has a total shareholder equity of €1.9B and total debt of €223.0M, which brings its debt-to-equity ratio to 11.9%. Its total assets and total liabilities are €4.5B and €2.6B respectively. NKT's EBIT is €220.1M making its interest coverage ratio -5.7. It has cash and short-term investments of €1.4B.
Key information
11.9%
Debt to equity ratio
€223.00m
Debt
| Interest coverage ratio | -5.7x |
| Cash | €1.36b |
| Equity | €1.87b |
| Total liabilities | €2.62b |
| Total assets | €4.49b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: NKTC's short term assets (€2.6B) exceed its short term liabilities (€2.3B).
Long Term Liabilities: NKTC's short term assets (€2.6B) exceed its long term liabilities (€307.0M).
Debt to Equity History and Analysis
Debt Level: NKTC has more cash than its total debt.
Reducing Debt: NKTC's debt to equity ratio has reduced from 40.1% to 11.9% over the past 5 years.
Debt Coverage: NKTC's debt is well covered by operating cash flow (474.5%).
Interest Coverage: NKTC earns more interest than it pays, so coverage of interest payments is not a concern.