Neoen Balance Sheet Health
Financial Health criteria checks 2/6
Neoen has a total shareholder equity of €2.8B and total debt of €3.9B, which brings its debt-to-equity ratio to 141.9%. Its total assets and total liabilities are €7.9B and €5.1B respectively. Neoen's EBIT is €264.8M making its interest coverage ratio 1.3. It has cash and short-term investments of €554.3M.
Key information
141.9%
Debt to equity ratio
€3.91b
Debt
| Interest coverage ratio | 1.3x |
| Cash | €554.30m |
| Equity | €2.76b |
| Total liabilities | €5.12b |
| Total assets | €7.88b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: NEOENP's short term assets (€880.5M) exceed its short term liabilities (€755.4M).
Long Term Liabilities: NEOENP's short term assets (€880.5M) do not cover its long term liabilities (€4.4B).
Debt to Equity History and Analysis
Debt Level: NEOENP's net debt to equity ratio (121.8%) is considered high.
Reducing Debt: NEOENP's debt to equity ratio has reduced from 288.7% to 141.9% over the past 5 years.
Debt Coverage: NEOENP's debt is not well covered by operating cash flow (9.1%).
Interest Coverage: NEOENP's interest payments on its debt are not well covered by EBIT (1.3x coverage).