Neurones Balance Sheet Health
Financial Health criteria checks 5/6
Neurones has a total shareholder equity of €399.0M and total debt of €11.2M, which brings its debt-to-equity ratio to 2.8%. Its total assets and total liabilities are €679.4M and €280.5M respectively. Neurones's EBIT is €73.6M making its interest coverage ratio -10.7. It has cash and short-term investments of €268.1M.
Key information
2.8%
Debt to equity ratio
€11.21m
Debt
| Interest coverage ratio | -10.7x |
| Cash | €268.12m |
| Equity | €398.95m |
| Total liabilities | €280.50m |
| Total assets | €679.45m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 0GX2's short term assets (€546.3M) exceed its short term liabilities (€243.4M).
Long Term Liabilities: 0GX2's short term assets (€546.3M) exceed its long term liabilities (€37.1M).
Debt to Equity History and Analysis
Debt Level: 0GX2 has more cash than its total debt.
Reducing Debt: 0GX2's debt to equity ratio has increased from 0% to 2.8% over the past 5 years.
Debt Coverage: 0GX2's debt is well covered by operating cash flow (554.5%).
Interest Coverage: 0GX2 earns more interest than it pays, so coverage of interest payments is not a concern.