NKT Balance Sheet Health
Financial Health criteria checks 6/6
NKT has a total shareholder equity of €1.6B and total debt of €207.0M, which brings its debt-to-equity ratio to 13%. Its total assets and total liabilities are €3.7B and €2.1B respectively. NKT's EBIT is €183.1M making its interest coverage ratio -31.6. It has cash and short-term investments of €858.0M.
Key information
13.0%
Debt to equity ratio
€207.00m
Debt
Interest coverage ratio | -31.6x |
Cash | €858.00m |
Equity | €1.60b |
Total liabilities | €2.11b |
Total assets | €3.71b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: NKTC's short term assets (€2.1B) exceed its short term liabilities (€1.8B).
Long Term Liabilities: NKTC's short term assets (€2.1B) exceed its long term liabilities (€275.0M).
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 35.8% to 13% over the past 5 years.
Debt Coverage: NKTC's debt is well covered by operating cash flow (315.5%).
Interest Coverage: NKTC earns more interest than it pays, so coverage of interest payments is not a concern.