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Net Insurance Balance Sheet Health
Financial Health criteria checks 5/6
Net Insurance has a total shareholder equity of €88.6M and total debt of €15.5M, which brings its debt-to-equity ratio to 17.5%. Its total assets and total liabilities are €604.5M and €515.8M respectively. Net Insurance's EBIT is €12.5M making its interest coverage ratio 19.3. It has cash and short-term investments of €6.8M.
Key information
17.5%
Debt to equity ratio
€15.49m
Debt
| Interest coverage ratio | 19.3x |
| Cash | €6.79m |
| Equity | €88.64m |
| Total liabilities | €515.82m |
| Total assets | €604.45m |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: NET's short term assets (€335.7M) exceed its short term liabilities (€46.3M).
Long Term Liabilities: NET's short term assets (€335.7M) do not cover its long term liabilities (€469.5M).
Debt to Equity History and Analysis
Debt Level: NET's net debt to equity ratio (9.8%) is considered satisfactory.
Reducing Debt: NET's debt to equity ratio has reduced from 77.3% to 17.5% over the past 5 years.
Debt Coverage: NET's debt is well covered by operating cash flow (148.3%).
Interest Coverage: NET's interest payments on its debt are well covered by EBIT (19.3x coverage).