Nexen Tire Balance Sheet Health
Financial Health criteria checks 3/6
Nexen Tire has a total shareholder equity of ₩1,704.9B and total debt of ₩1,749.5B, which brings its debt-to-equity ratio to 102.6%. Its total assets and total liabilities are ₩4,232.7B and ₩2,527.8B respectively. Nexen Tire's EBIT is ₩186.9B making its interest coverage ratio 3.7. It has cash and short-term investments of ₩316.5B.
Key information
102.6%
Debt to equity ratio
₩1.75t
Debt
| Interest coverage ratio | 3.7x |
| Cash | ₩316.48b |
| Equity | ₩1.70t |
| Total liabilities | ₩2.53t |
| Total assets | ₩4.23t |
Recent financial health updates
Nexen Tire (KRX:002350) Use Of Debt Could Be Considered Risky
Feb 26
Nexen Tire (KRX:002350) Has No Shortage Of Debt
Apr 12Is Nexen Tire (KRX:002350) Using Too Much Debt?
Jan 07
Recent updates
Is Nexen Tire Corporation (KRX:002350) Trading At A 37% Discount?
Apr 11Nexen Tire (KRX:002350) Use Of Debt Could Be Considered Risky
Feb 26Nexen Tire's (KRX:002350) Returns On Capital Not Reflecting Well On The Business
May 03Nexen Tire (KRX:002350) Has No Shortage Of Debt
Apr 12Would Nexen Tire Corporation (KRX:002350) Be Valuable To Income Investors?
Mar 22Nexen Tire Corporation (KRX:002350) Shares Could Be 24% Below Their Intrinsic Value Estimate
Mar 07Do Institutions Own Nexen Tire Corporation (KRX:002350) Shares?
Feb 20If You Had Bought Nexen Tire's (KRX:002350) Shares Five Years Ago You Would Be Down 44%
Feb 05The Trends At Nexen Tire (KRX:002350) That You Should Know About
Jan 21Is Nexen Tire (KRX:002350) Using Too Much Debt?
Jan 07Should You Investigate Nexen Tire Corporation (KRX:002350) At ₩6,420?
Dec 20Is There An Opportunity With Nexen Tire Corporation's (KRX:002350) 31% Undervaluation?
Dec 05Could The Nexen Tire Corporation (KRX:002350) Ownership Structure Tell Us Something Useful?
Nov 20Financial Position Analysis
Short Term Liabilities: A002350's short term assets (₩1,556.1B) exceed its short term liabilities (₩1,330.0B).
Long Term Liabilities: A002350's short term assets (₩1,556.1B) exceed its long term liabilities (₩1,197.8B).
Debt to Equity History and Analysis
Debt Level: A002350's net debt to equity ratio (84.1%) is considered high.
Reducing Debt: A002350's debt to equity ratio has increased from 83.7% to 102.6% over the past 5 years.
Debt Coverage: A002350's debt is not well covered by operating cash flow (13.8%).
Interest Coverage: A002350's interest payments on its debt are well covered by EBIT (3.7x coverage).