Neurones Balance Sheet Health
Financial Health criteria checks 5/6
Neurones has a total shareholder equity of €378.7M and total debt of €37.2M, which brings its debt-to-equity ratio to 9.8%. Its total assets and total liabilities are €623.3M and €244.6M respectively. Neurones's EBIT is €75.9M making its interest coverage ratio -15.5. It has cash and short-term investments of €261.9M.
Key information
9.8%
Debt to equity ratio
€37.24m
Debt
Interest coverage ratio | -15.5x |
Cash | €261.86m |
Equity | €378.68m |
Total liabilities | €244.64m |
Total assets | €623.32m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: NROP's short term assets (€507.7M) exceed its short term liabilities (€209.2M).
Long Term Liabilities: NROP's short term assets (€507.7M) exceed its long term liabilities (€35.4M).
Debt to Equity History and Analysis
Debt Level: NROP has more cash than its total debt.
Reducing Debt: NROP's debt to equity ratio has increased from 0.1% to 9.8% over the past 5 years.
Debt Coverage: NROP's debt is well covered by operating cash flow (203.5%).
Interest Coverage: NROP earns more interest than it pays, so coverage of interest payments is not a concern.