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 ratio | n/a |
Cash | UK£4.79m |
Equity | UK£640.04m |
Total liabilities | UK£200.89m |
Total assets | UK£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.