NNIT Balance Sheet Health
Financial Health criteria checks 3/6
NNIT has a total shareholder equity of DKK1.1B and total debt of DKK741.0M, which brings its debt-to-equity ratio to 67%. Its total assets and total liabilities are DKK2.9B and DKK1.8B respectively. NNIT's EBIT is DKK38.0M making its interest coverage ratio -38. It has cash and short-term investments of DKK178.0M.
Key information
67.0%
Debt to equity ratio
DKK 741.00m
Debt
| Interest coverage ratio | -38x |
| Cash | DKK 178.00m |
| Equity | DKK 1.11b |
| Total liabilities | DKK 1.79b |
| Total assets | DKK 2.89b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: NNITC's short term assets (DKK1.0B) exceed its short term liabilities (DKK798.0M).
Long Term Liabilities: NNITC's short term assets (DKK1.0B) exceed its long term liabilities (DKK988.0M).
Debt to Equity History and Analysis
Debt Level: NNITC's net debt to equity ratio (50.9%) is considered high.
Reducing Debt: NNITC's debt to equity ratio has increased from 0.08% to 67% over the past 5 years.
Debt Coverage: NNITC's debt is not well covered by operating cash flow (5%).
Interest Coverage: NNITC earns more interest than it pays, so coverage of interest payments is not a concern.