Nexen Tire Balance Sheet Health
Financial Health criteria checks 3/6
Nexen Tire has a total shareholder equity of ₩1,751.4B and total debt of ₩1,758.7B, which brings its debt-to-equity ratio to 100.4%. Its total assets and total liabilities are ₩4,334.7B and ₩2,583.2B respectively. Nexen Tire's EBIT is ₩212.3B making its interest coverage ratio 3.3. It has cash and short-term investments of ₩272.1B.
Key information
100.4%
Debt to equity ratio
₩1.76t
Debt
Interest coverage ratio | 3.3x |
Cash | ₩272.07b |
Equity | ₩1.75t |
Total liabilities | ₩2.58t |
Total assets | ₩4.33t |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: A002355's short term assets (₩1,592.0B) exceed its short term liabilities (₩1,354.5B).
Long Term Liabilities: A002355's short term assets (₩1,592.0B) exceed its long term liabilities (₩1,228.7B).
Debt to Equity History and Analysis
Debt Level: A002355's net debt to equity ratio (84.9%) is considered high.
Reducing Debt: A002355's debt to equity ratio has increased from 87.5% to 100.4% over the past 5 years.
Debt Coverage: A002355's debt is not well covered by operating cash flow (18.7%).
Interest Coverage: A002355's interest payments on its debt are well covered by EBIT (3.3x coverage).