NEO Finance Balance Sheet Health
Financial Health criteria checks 5/6
NEO Finance has a total shareholder equity of €2.8M and total debt of €5.0M, which brings its debt-to-equity ratio to 178%. Its total assets and total liabilities are €27.4M and €24.6M respectively. NEO Finance's EBIT is €265.6K making its interest coverage ratio -6.6. It has cash and short-term investments of €20.5M.
Key information
178.0%
Debt to equity ratio
€4.96m
Debt
Interest coverage ratio | -6.6x |
Cash | €20.46m |
Equity | €2.78m |
Total liabilities | €24.62m |
Total assets | €27.40m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: NEOFI's short term assets (€22.2M) exceed its short term liabilities (€20.5M).
Long Term Liabilities: NEOFI's short term assets (€22.2M) exceed its long term liabilities (€4.1M).
Debt to Equity History and Analysis
Debt Level: NEOFI has more cash than its total debt.
Reducing Debt: NEOFI's debt to equity ratio has reduced from 181.1% to 178% over the past 5 years.
Debt Coverage: Insufficient data to determine if NEOFI's debt is well covered by operating cash flow.
Interest Coverage: NEOFI earns more interest than it pays, so coverage of interest payments is not a concern.