Neoen Balance Sheet Health
Financial Health criteria checks 2/6
Neoen has a total shareholder equity of €2.7B and total debt of €3.5B, which brings its debt-to-equity ratio to 130.9%. Its total assets and total liabilities are €7.4B and €4.7B respectively. Neoen's EBIT is €383.2M making its interest coverage ratio 2.1. It has cash and short-term investments of €808.9M.
Key information
130.9%
Debt to equity ratio
€3.49b
Debt
Interest coverage ratio | 2.1x |
Cash | €808.90m |
Equity | €2.66b |
Total liabilities | €4.74b |
Total assets | €7.40b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 0A02's short term assets (€1.1B) exceed its short term liabilities (€877.4M).
Long Term Liabilities: 0A02's short term assets (€1.1B) do not cover its long term liabilities (€3.9B).
Debt to Equity History and Analysis
Debt Level: 0A02's net debt to equity ratio (100.6%) is considered high.
Reducing Debt: 0A02's debt to equity ratio has reduced from 243.3% to 130.9% over the past 5 years.
Debt Coverage: 0A02's debt is not well covered by operating cash flow (9.3%).
Interest Coverage: 0A02's interest payments on its debt are not well covered by EBIT (2.1x coverage).