Nordex Balance Sheet Health
Financial Health criteria checks 5/6
Nordex has a total shareholder equity of €978.1M and total debt of €299.3M, which brings its debt-to-equity ratio to 30.6%. Its total assets and total liabilities are €5.4B and €4.4B respectively.
Key information
30.6%
Debt to equity ratio
€299.34m
Debt
Interest coverage ratio | n/a |
Cash | €929.17m |
Equity | €978.12m |
Total liabilities | €4.44b |
Total assets | €5.42b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 0MEC's short term assets (€3.6B) do not cover its short term liabilities (€3.7B).
Long Term Liabilities: 0MEC's short term assets (€3.6B) exceed its long term liabilities (€770.8M).
Debt to Equity History and Analysis
Debt Level: 0MEC has more cash than its total debt.
Reducing Debt: 0MEC's debt to equity ratio has reduced from 92.5% to 30.6% 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: Whilst unprofitable 0MEC has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: 0MEC is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 34.9% per year.