Nexans Balance Sheet Health
Financial Health criteria checks 5/6
Nexans has a total shareholder equity of €1.6B and total debt of €1.3B, which brings its debt-to-equity ratio to 81.3%. Its total assets and total liabilities are €6.6B and €5.0B respectively. Nexans's EBIT is €386.0M making its interest coverage ratio 9.4. It has cash and short-term investments of €1.2B.
Key information
81.3%
Debt to equity ratio
€1.28b
Debt
| Interest coverage ratio | 9.4x |
| Cash | €1.17b |
| Equity | €1.58b |
| Total liabilities | €5.03b |
| Total assets | €6.61b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: NEX N's short term assets (€4.1B) exceed its short term liabilities (€3.7B).
Long Term Liabilities: NEX N's short term assets (€4.1B) exceed its long term liabilities (€1.3B).
Debt to Equity History and Analysis
Debt Level: NEX N's net debt to equity ratio (6.9%) is considered satisfactory.
Reducing Debt: NEX N's debt to equity ratio has increased from 71.7% to 81.3% over the past 5 years.
Debt Coverage: NEX N's debt is well covered by operating cash flow (56.8%).
Interest Coverage: NEX N's interest payments on its debt are well covered by EBIT (9.4x coverage).