NEXT Balance Sheet Health
Financial Health criteria checks 5/6
NEXT has a total shareholder equity of £1.6B and total debt of £890.3M, which brings its debt-to-equity ratio to 54.3%. Its total assets and total liabilities are £4.7B and £3.1B respectively. NEXT's EBIT is £968.7M making its interest coverage ratio 12.1. It has cash and short-term investments of £188.3M.
Key information
54.3%
Debt to equity ratio
UK£890.30m
Debt
| Interest coverage ratio | 12.1x |
| Cash | UK£188.30m |
| Equity | UK£1.64b |
| Total liabilities | UK£3.09b |
| Total assets | UK£4.72b |
Recent financial health updates
Is NEXT (LON:NXT) A Risky Investment?
Apr 28
We Think NEXT (LON:NXT) Can Stay On Top Of Its Debt
Jan 08These 4 Measures Indicate That NEXT (LON:NXT) Is Using Debt Reasonably Well
Oct 04Does NEXT (LON:NXT) Have A Healthy Balance Sheet?
May 01Is NEXT (LON:NXT) A Risky Investment?
Nov 24NEXT (LON:NXT) Has A Rock Solid Balance Sheet
Apr 22Recent updates
NEXT (LON:NXT) Is Increasing Its Dividend To £1.41
Apr 30Is NEXT (LON:NXT) A Risky Investment?
Apr 28NEXT (LON:NXT) Is Paying Out A Larger Dividend Than Last Year
Apr 16NEXT (LON:NXT) Is Increasing Its Dividend To £1.41
Mar 24Is There Now An Opportunity In NEXT plc (LON:NXT)?
Mar 21Some Investors May Be Worried About NEXT's (LON:NXT) Returns On Capital
Mar 05Risks To Shareholder Returns Are Elevated At These Prices For NEXT plc (LON:NXT)
Feb 18We Think NEXT (LON:NXT) Can Stay On Top Of Its Debt
Jan 08Estimating The Intrinsic Value Of NEXT plc (LON:NXT)
Dec 27NEXT's (LON:NXT) Dividend Will Be £0.66
Dec 01Should You Investigate NEXT plc (LON:NXT) At UK£76.36?
Nov 15NEXT (LON:NXT) Is Due To Pay A Dividend Of £0.66
Nov 02These 4 Measures Indicate That NEXT (LON:NXT) Is Using Debt Reasonably Well
Oct 04Calculating The Fair Value Of NEXT plc (LON:NXT)
Sep 19Capital Allocation Trends At NEXT (LON:NXT) Aren't Ideal
Sep 04At UK£70.68, Is NEXT plc (LON:NXT) Worth Looking At Closely?
Jul 31NEXT (LON:NXT) Will Pay A Larger Dividend Than Last Year At £1.40
Jul 05NEXT's (LON:NXT) Shareholders Will Receive A Bigger Dividend Than Last Year
Jun 21Estimating The Intrinsic Value Of NEXT plc (LON:NXT)
Jun 15Does NEXT (LON:NXT) Deserve A Spot On Your Watchlist?
Jun 01NEXT (LON:NXT) Is Paying Out A Larger Dividend Than Last Year
May 19The Returns On Capital At NEXT (LON:NXT) Don't Inspire Confidence
May 17NEXT's (LON:NXT) Upcoming Dividend Will Be Larger Than Last Year's
May 05Does NEXT (LON:NXT) Have A Healthy Balance Sheet?
May 01NEXT (LON:NXT) Is Increasing Its Dividend To £1.40
Apr 01Is It Time To Consider Buying NEXT plc (LON:NXT)?
Mar 26Estimating The Intrinsic Value Of NEXT plc (LON:NXT)
Mar 14Here's Why NEXT (LON:NXT) Has Caught The Eye Of Investors
Mar 02Returns On Capital Signal Tricky Times Ahead For NEXT (LON:NXT)
Jan 23At UK£56.26, Is It Time To Put NEXT plc (LON:NXT) On Your Watch List?
Dec 18NEXT plc's (LON:NXT) Intrinsic Value Is Potentially 41% Above Its Share Price
Dec 06Is NEXT (LON:NXT) A Risky Investment?
Nov 24NEXT (LON:NXT) Will Be Hoping To Turn Its Returns On Capital Around
Oct 15When Should You Buy NEXT plc (LON:NXT)?
Sep 12Is There An Opportunity With NEXT plc's (LON:NXT) 48% Undervaluation?
Jul 22NEXT (LON:NXT) Will Want To Turn Around Its Return Trends
Jul 09What Is NEXT plc's (LON:NXT) Share Price Doing?
Jun 14NEXT (LON:NXT) Has A Rock Solid Balance Sheet
Apr 22NEXT plc (LON:NXT) Shares Could Be 44% Below Their Intrinsic Value Estimate
Apr 08Be Wary Of NEXT (LON:NXT) And Its Returns On Capital
Mar 26Is It Too Late To Consider Buying NEXT plc (LON:NXT)?
Mar 06Financial Position Analysis
Short Term Liabilities: NXT's short term assets (£2.4B) exceed its short term liabilities (£1.2B).
Long Term Liabilities: NXT's short term assets (£2.4B) exceed its long term liabilities (£1.8B).
Debt to Equity History and Analysis
Debt Level: NXT's net debt to equity ratio (42.8%) is considered high.
Reducing Debt: NXT's debt to equity ratio has reduced from 354.6% to 54.3% over the past 5 years.
Debt Coverage: NXT's debt is well covered by operating cash flow (125.8%).
Interest Coverage: NXT's interest payments on its debt are well covered by EBIT (12.1x coverage).