NextEnergy Solar Fund Limited

LSE:NESF Stock Report

Market Cap: UK£434.8m

NextEnergy Solar Fund Balance Sheet Health

Financial Health criteria checks 3/6

NextEnergy Solar Fund has a total shareholder equity of £640.0M and total debt of £198.3M, which brings its debt-to-equity ratio to 31%. Its total assets and total liabilities are £840.9M and £200.9M respectively.

Key information

31.0%

Debt to equity ratio

UK£198.27m

Debt

Interest coverage ration/a
CashUK£4.79m
EquityUK£640.04m
Total liabilitiesUK£200.89m
Total assetsUK£840.93m

Recent financial health updates

No updates

Recent updates

Financial Position Analysis

Short Term Liabilities: NESF's short term assets (£38.1M) exceed its short term liabilities (£2.6M).

Long Term Liabilities: NESF's short term assets (£38.1M) do not cover its long term liabilities (£198.3M).


Debt to Equity History and Analysis

Debt Level: NESF's net debt to equity ratio (30.2%) is considered satisfactory.

Reducing Debt: NESF's debt to equity ratio has increased from 0% to 31% over the past 5 years.

Debt Coverage: NESF's debt is well covered by operating cash flow (23.6%).

Interest Coverage: Insufficient data to determine if NESF's interest payments on its debt are well covered by EBIT.


Balance Sheet

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