Nexen Tire Balance Sheet Health
Financial Health criteria checks 3/6
Nexen Tire has a total shareholder equity of ₩1,814.8B and total debt of ₩1,797.1B, which brings its debt-to-equity ratio to 99%. Its total assets and total liabilities are ₩4,495.4B and ₩2,680.5B respectively. Nexen Tire's EBIT is ₩238.0B making its interest coverage ratio 3.2. It has cash and short-term investments of ₩243.9B.
Key information
99.0%
Debt to equity ratio
₩1.80t
Debt
| Interest coverage ratio | 3.2x |
| Cash | ₩243.91b |
| Equity | ₩1.81t |
| Total liabilities | ₩2.68t |
| Total assets | ₩4.50t |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: A002355's short term assets (₩1,734.1B) exceed its short term liabilities (₩1,331.9B).
Long Term Liabilities: A002355's short term assets (₩1,734.1B) exceed its long term liabilities (₩1,348.6B).
Debt to Equity History and Analysis
Debt Level: A002355's net debt to equity ratio (85.6%) is considered high.
Reducing Debt: A002355's debt to equity ratio has increased from 89.2% to 99% over the past 5 years.
Debt Coverage: A002355's debt is not well covered by operating cash flow (18.6%).
Interest Coverage: A002355's interest payments on its debt are well covered by EBIT (3.2x coverage).