Nurminen Logistics Oyj Balance Sheet Health
Financial Health criteria checks 4/6
Nurminen Logistics Oyj has a total shareholder equity of €25.8M and total debt of €27.0M, which brings its debt-to-equity ratio to 104.8%. Its total assets and total liabilities are €81.7M and €55.9M respectively. Nurminen Logistics Oyj's EBIT is €9.7M making its interest coverage ratio 7.5. It has cash and short-term investments of €7.0M.
Key information
104.8%
Debt to equity ratio
€27.03m
Debt
| Interest coverage ratio | 7.5x |
| Cash | €7.00m |
| Equity | €25.80m |
| Total liabilities | €55.90m |
| Total assets | €81.71m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: NLG1VH's short term assets (€25.9M) exceed its short term liabilities (€21.5M).
Long Term Liabilities: NLG1VH's short term assets (€25.9M) do not cover its long term liabilities (€34.4M).
Debt to Equity History and Analysis
Debt Level: NLG1VH's net debt to equity ratio (77.6%) is considered high.
Reducing Debt: NLG1VH's debt to equity ratio has reduced from 233.5% to 104.8% over the past 5 years.
Debt Coverage: NLG1VH's debt is well covered by operating cash flow (29.1%).
Interest Coverage: NLG1VH's interest payments on its debt are well covered by EBIT (7.5x coverage).