Nokian Renkaat Oyj Balance Sheet Health
Financial Health criteria checks 3/6
Nokian Renkaat Oyj has a total shareholder equity of €1.3B and total debt of €508.2M, which brings its debt-to-equity ratio to 37.7%. Its total assets and total liabilities are €2.3B and €977.6M respectively. Nokian Renkaat Oyj's EBIT is €31.8M making its interest coverage ratio 2.7. It has cash and short-term investments of €414.9M.
Key information
37.7%
Debt to equity ratio
€508.20m
Debt
Interest coverage ratio | 2.7x |
Cash | €414.90m |
Equity | €1.35b |
Total liabilities | €977.60m |
Total assets | €2.33b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: NKRK.F's short term assets (€1.2B) exceed its short term liabilities (€454.9M).
Long Term Liabilities: NKRK.F's short term assets (€1.2B) exceed its long term liabilities (€522.7M).
Debt to Equity History and Analysis
Debt Level: NKRK.F's net debt to equity ratio (6.9%) is considered satisfactory.
Reducing Debt: NKRK.F's debt to equity ratio has increased from 8.9% to 37.7% over the past 5 years.
Debt Coverage: NKRK.F's debt is not well covered by operating cash flow (16.2%).
Interest Coverage: NKRK.F's interest payments on its debt are not well covered by EBIT (2.7x coverage).