NEXT Balance Sheet Health
Financial Health criteria checks 5/6
NEXT has a total shareholder equity of £1.5B and total debt of £863.5M, which brings its debt-to-equity ratio to 58.4%. Its total assets and total liabilities are £4.8B and £3.3B respectively. NEXT's EBIT is £1.0B making its interest coverage ratio 11.6. It has cash and short-term investments of £153.6M.
Key information
58.4%
Debt to equity ratio
UK£863.50m
Debt
| Interest coverage ratio | 11.6x |
| Cash | UK£153.60m |
| Equity | UK£1.48b |
| Total liabilities | UK£3.28b |
| Total assets | UK£4.76b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: NXTL's short term assets (£2.5B) exceed its short term liabilities (£1.5B).
Long Term Liabilities: NXTL's short term assets (£2.5B) exceed its long term liabilities (£1.8B).
Debt to Equity History and Analysis
Debt Level: NXTL's net debt to equity ratio (48%) is considered high.
Reducing Debt: NXTL's debt to equity ratio has reduced from 641.6% to 58.4% over the past 5 years.
Debt Coverage: NXTL's debt is well covered by operating cash flow (114%).
Interest Coverage: NXTL's interest payments on its debt are well covered by EBIT (11.6x coverage).