Nel Balance Sheet Health
Financial Health criteria checks 6/6
Nel has a total shareholder equity of NOK6.2B and total debt of NOK22.9M, which brings its debt-to-equity ratio to 0.4%. Its total assets and total liabilities are NOK7.8B and NOK1.5B respectively.
Key information
0.4%
Debt to equity ratio
kr22.94m
Debt
| Interest coverage ratio | n/a |
| Cash | kr3.26b |
| Equity | kr6.22b |
| Total liabilities | kr1.53b |
| Total assets | kr7.75b |
Recent financial health updates
Nel (OB:NEL) Is Using Debt Safely
Dec 12
Nel (OB:NEL) Is Using Debt Safely
Sep 13Is Nel (OB:NEL) Using Too Much Debt?
May 11Does Nel (OB:NEL) Have A Healthy Balance Sheet?
Feb 06Is Nel (OB:NEL) Using Too Much Debt?
Sep 02Health Check: How Prudently Does Nel (OB:NEL) Use Debt?
May 17Recent updates
Investors Appear Satisfied With Nel ASA's (OB:NEL) Prospects As Shares Rocket 31%
Apr 10Calculating The Fair Value Of Nel ASA (OB:NEL)
Mar 27Earnings Update: Nel ASA (OB:NEL) Just Reported Its Annual Results And Analysts Are Updating Their Forecasts
Mar 01Why We're Not Concerned Yet About Nel ASA's (OB:NEL) 27% Share Price Plunge
Jan 17At kr5.94, Is It Time To Put Nel ASA (OB:NEL) On Your Watch List?
Jan 13Nel (OB:NEL) Is Using Debt Safely
Dec 12Nel (OB:NEL) Is Using Debt Safely
Sep 13Investors Appear Satisfied With Nel ASA's (OB:NEL) Prospects
Jun 17Is Nel (OB:NEL) Using Too Much Debt?
May 11Does Nel (OB:NEL) Have A Healthy Balance Sheet?
Feb 06Is Nel (OB:NEL) Using Too Much Debt?
Sep 02Health Check: How Prudently Does Nel (OB:NEL) Use Debt?
May 17Is Nel (OB:NEL) Using Debt In A Risky Way?
Jan 27Is Nel (OB:NEL) Using Debt Sensibly?
Oct 14Time To Worry? Analysts Are Downgrading Their Nel ASA (OB:NEL) Outlook
Aug 22Did The Underlying Business Drive Nel's (OB:NEL) Lovely 985% Share Price Gain?
Feb 02
Nel ASA (OB:NEL) Is Expected To Breakeven In The Near Future
Dec 29How Much Does Nel's (OB:NEL) CEO Make?
Dec 03Financial Position Analysis
Short Term Liabilities: NEL's short term assets (NOK5.1B) exceed its short term liabilities (NOK1.2B).
Long Term Liabilities: NEL's short term assets (NOK5.1B) exceed its long term liabilities (NOK336.1M).
Debt to Equity History and Analysis
Debt Level: NEL has more cash than its total debt.
Reducing Debt: NEL's debt to equity ratio has reduced from 1.6% to 0.4% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: NEL has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: NEL has sufficient cash runway for more than 3 years if free cash flow continues to reduce at historical rates of 31.8% each year