Neste Oyj Balance Sheet Health
Financial Health criteria checks 5/6
Neste Oyj has a total shareholder equity of €7.7B and total debt of €3.3B, which brings its debt-to-equity ratio to 42.9%. Its total assets and total liabilities are €16.4B and €8.8B respectively. Neste Oyj's EBIT is €1.6B making its interest coverage ratio 19.9. It has cash and short-term investments of €1.4B.
Key information
42.9%
Debt to equity ratio
€3.29b
Debt
Interest coverage ratio | 19.9x |
Cash | €1.37b |
Equity | €7.67b |
Total liabilities | €8.76b |
Total assets | €16.43b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: NESTEH's short term assets (€7.3B) exceed its short term liabilities (€4.6B).
Long Term Liabilities: NESTEH's short term assets (€7.3B) exceed its long term liabilities (€4.2B).
Debt to Equity History and Analysis
Debt Level: NESTEH's net debt to equity ratio (25.1%) is considered satisfactory.
Reducing Debt: NESTEH's debt to equity ratio has increased from 23.3% to 42.9% over the past 5 years.
Debt Coverage: NESTEH's debt is well covered by operating cash flow (56.8%).
Interest Coverage: NESTEH's interest payments on its debt are well covered by EBIT (19.9x coverage).