Neinor Homes Balance Sheet Health
Financial Health criteria checks 5/6
Neinor Homes has a total shareholder equity of €936.8M and total debt of €421.0M, which brings its debt-to-equity ratio to 44.9%. Its total assets and total liabilities are €1.7B and €785.2M respectively. Neinor Homes's EBIT is €74.4M making its interest coverage ratio 3.2. It has cash and short-term investments of €157.5M.
Key information
44.9%
Debt to equity ratio
€420.97m
Debt
Interest coverage ratio | 3.2x |
Cash | €157.53m |
Equity | €936.80m |
Total liabilities | €785.22m |
Total assets | €1.72b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: HOMEE's short term assets (€1.5B) exceed its short term liabilities (€599.3M).
Long Term Liabilities: HOMEE's short term assets (€1.5B) exceed its long term liabilities (€185.9M).
Debt to Equity History and Analysis
Debt Level: HOMEE's net debt to equity ratio (28.1%) is considered satisfactory.
Reducing Debt: HOMEE's debt to equity ratio has reduced from 61.7% to 44.9% over the past 5 years.
Debt Coverage: HOMEE's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: HOMEE's interest payments on its debt are well covered by EBIT (3.2x coverage).