Neste Oyj Balance Sheet Health
Financial Health criteria checks 5/6
Neste Oyj has a total shareholder equity of €8.5B and total debt of €3.1B, which brings its debt-to-equity ratio to 36.6%. Its total assets and total liabilities are €16.0B and €7.5B respectively. Neste Oyj's EBIT is €1.7B making its interest coverage ratio 22.6. It has cash and short-term investments of €1.6B.
Key information
36.6%
Debt to equity ratio
€3.10b
Debt
| Interest coverage ratio | 22.6x |
| Cash | €1.58b |
| Equity | €8.46b |
| Total liabilities | €7.52b |
| Total assets | €15.98b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: NESTE N's short term assets (€7.1B) exceed its short term liabilities (€3.4B).
Long Term Liabilities: NESTE N's short term assets (€7.1B) exceed its long term liabilities (€4.1B).
Debt to Equity History and Analysis
Debt Level: NESTE N's net debt to equity ratio (18%) is considered satisfactory.
Reducing Debt: NESTE N's debt to equity ratio has increased from 22.5% to 36.6% over the past 5 years.
Debt Coverage: NESTE N's debt is well covered by operating cash flow (73.5%).
Interest Coverage: NESTE N's interest payments on its debt are well covered by EBIT (22.6x coverage).