Next Re SIIQ Balance Sheet Health
Financial Health criteria checks 4/6
Next Re SIIQ has a total shareholder equity of €76.8M and total debt of €63.3M, which brings its debt-to-equity ratio to 82.3%. Its total assets and total liabilities are €142.1M and €65.3M respectively. Next Re SIIQ's EBIT is €2.3M making its interest coverage ratio 1.7. It has cash and short-term investments of €6.5M.
Key information
82.3%
Debt to equity ratio
€63.27m
Debt
| Interest coverage ratio | 1.7x |
| Cash | €6.48m |
| Equity | €76.84m |
| Total liabilities | €65.26m |
| Total assets | €142.10m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: NR's short term assets (€7.8M) exceed its short term liabilities (€2.4M).
Long Term Liabilities: NR's short term assets (€7.8M) do not cover its long term liabilities (€62.9M).
Debt to Equity History and Analysis
Debt Level: NR's net debt to equity ratio (73.9%) is considered high.
Reducing Debt: NR's debt to equity ratio has reduced from 88.3% to 82.3% 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: Whilst unprofitable NR has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: NR is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 55.7% per year.