Next Re SIIQ Balance Sheet Health
Financial Health criteria checks 4/6
Next Re SIIQ has a total shareholder equity of €76.5M and total debt of €56.5M, which brings its debt-to-equity ratio to 73.8%. Its total assets and total liabilities are €140.9M and €64.4M respectively.
Key information
73.8%
Debt to equity ratio
€56.49m
Debt
Interest coverage ratio | n/a |
Cash | €5.74m |
Equity | €76.49m |
Total liabilities | €64.44m |
Total assets | €140.93m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: NR's short term assets (€6.6M) exceed its short term liabilities (€2.0M).
Long Term Liabilities: NR's short term assets (€6.6M) do not cover its long term liabilities (€62.4M).
Debt to Equity History and Analysis
Debt Level: NR's net debt to equity ratio (66.3%) is considered high.
Reducing Debt: NR's debt to equity ratio has reduced from 94% to 73.8% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: NR has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: NR has sufficient cash runway for 1.1 years if free cash flow continues to grow at historical rates of 62.5% each year.