NN Balance Sheet Health
Financial Health criteria checks 1/6
NN has a total shareholder equity of $144.0M and total debt of $140.6M, which brings its debt-to-equity ratio to 97.7%. Its total assets and total liabilities are $453.4M and $309.5M respectively.
Key information
97.66%
Debt to equity ratio
US$140.59m
Debt
| Interest coverage ratio | n/a |
| Cash | US$8.47m |
| Equity | US$143.95m |
| Total liabilities | US$309.47m |
| Total assets | US$453.43m |
Recent financial health updates
Analysis Article • Nov 03
NN (NASDAQ:NNBR) Has Debt But No Earnings; Should You Worry?
Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...Analysis Article • May 09
Is NN (NASDAQ:NNBR) Weighed On By Its Debt Load?
Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it seems the smart money knows that...Analysis Article • Jan 24
Is NN (NASDAQ:NNBR) Using Debt Sensibly?
Warren Buffett famously said, 'Volatility is far from synonymous with risk.' It's only natural to consider a company's...Analysis Article • Apr 16
Is NN (NASDAQ:NNBR) Weighed On By Its Debt Load?
Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...Recent updates
Narrative Update • Jul 20
NNBR: Medical Breakthrough And AI Cooling Wins Will Drive Future Upside
The updated analyst price target for NextNav has been revised to $5.00 from $5.75, with analysts citing updated assumptions on spectrum valuation and company profitability to support the change. Analyst Commentary Recent research on NextNav highlights a wide range of views on what the stock could be worth, with some bullish analysts focused on the value of the company’s spectrum assets and others more cautious around execution and profitability assumptions.
Narrative Update • Jul 06
NNBR: Future AI Cooling Contracts Will Reshape Earnings Profile
Analysts have raised their price target for NextNav (NN) to $50 from $25, citing stronger assumed spectrum valuation and the potential for competitive bidding interest that supports higher fair value, faster revenue growth, a slightly higher profit margin, and a lower future P/E in updated models. Analyst Commentary Recent research on NextNav highlights a clear cluster of bullish views around the company’s spectrum assets, potential auction outcomes, and the implications for valuation.Seeking Alpha • Jul 01
NN Inc.: Would Be A Mistake Not To Take A Stake Here
Summary NN Inc. is rated Strong Buy, driven by a strategic pivot to higher-margin sectors and a robust sales growth outlook. NNBR's supply deal with NVIDIA for liquid cooling components validates its data center strategy and secures full production capacity, underpinning future revenue expansion. Gross margins are improving across segments, offsetting steel price risks and supporting a positive trajectory toward net profitability. Risks include share dilution, premium EV/EBIT valuation, and elevated debt costs, but margin expansion and debt reduction could unlock significant equity upside. Read the full article on Seeking Alpha
Narrative Update • Jun 22
NNBR: Future Upside Will Depend On 900MHz Spectrum Bidding And Execution Risks
Analysts have sharply lifted their price targets on NextNav (NN), with one firm moving from $25 to $50. They cited stronger assumed spectrum value per MHz-PoP, robust secondary market pricing for comparable sub-1GHz spectrum, and the potential for competitive bidding interest from both carriers and satellite players.Narrative Update • Jun 06
NNBR: Future Upside Will Rely On 900MHz Spectrum Monetization Path
Analysts have lifted their price target on NextNav to $50, up from $25, citing stronger assumed spectrum values of about $8b and the potential for competitive bidding to support higher MHz-PoP pricing. Analyst Commentary Recent research highlights a wide spread in views on NN, with some analysts pointing to higher implied spectrum values and others flagging valuation and execution risks.Narrative Update • May 18
NNBR: Future Upside Will Rely On Wuxi Weifu Earnings Conversion
Analysts have reset their price target on NN to $3 from $4, citing ongoing weakness in the U.S. automotive business, slower scaling in medical and other growth efforts, and limited earnings contribution from the 49% Wuxi Weifu Autocam joint venture despite its $134M in revenue for FY25. Analyst Commentary Bearish analysts have highlighted several pressure points for NN that they see weighing on valuation and execution risk.Narrative Update • May 03
NNBR: Future Upside Will Depend On Unlocking Joint Venture Earnings
Analysts have reduced their price target on NN, Inc. from $4 to $3, citing ongoing weakness in the U.S. automotive segment, slower than expected scaling in medical and other growth initiatives, and limited earnings contribution from the company's 49% stake in Wuxi Weifu Autocam despite its $134M in FY25 revenue.Narrative Update • Apr 19
NNBR: Future Upside Will Rely On Unlocking Joint Venture Earnings
Narrative Update on NN The analyst price target for NN has shifted from $4 to $3, with analysts pointing to ongoing weakness in the U.S. automotive vertical, slower scaling in medical and other growth initiatives, and limited earnings contribution from the Wuxi Weifu Autocam joint venture as key factors. Analyst Commentary Recent research has highlighted a more cautious stance on NN, with bearish analysts reworking their expectations around growth, earnings power, and the value of key assets.Narrative Update • Mar 06
NNBR: Future Upside Will Depend On Extracting Greater Joint Venture Earnings
Analysts cut their price target on NN to $3 from $4, citing ongoing weakness in the U.S. automotive business, slower than hoped scaling in medical and other growth efforts, and limited profit contribution from the 49% Wuxi Weifu Autocam joint venture despite its $134m in FY25 revenue. Analyst Commentary Bearish analysts are flagging execution risks across NN's core and growth businesses that they see as weighing on the stock's valuation and limiting confidence in the current profit trajectory.Analysis Article • Jan 22
NN, Inc. (NASDAQ:NNBR) Surges 29% Yet Its Low P/S Is No Reason For Excitement
NN, Inc. ( NASDAQ:NNBR ) shareholders are no doubt pleased to see that the share price has bounced 29% in the last...Analysis Article • Nov 20
NN, Inc. (NASDAQ:NNBR) Stock's 32% Dive Might Signal An Opportunity But It Requires Some Scrutiny
Unfortunately for some shareholders, the NN, Inc. ( NASDAQ:NNBR ) share price has dived 32% in the last thirty days...Analysis Article • Nov 03
NN (NASDAQ:NNBR) Has Debt But No Earnings; Should You Worry?
Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...Analysis Article • Aug 30
NN, Inc. (NASDAQ:NNBR) Stock Rockets 32% But Many Are Still Ignoring The Company
NN, Inc. ( NASDAQ:NNBR ) shares have had a really impressive month, gaining 32% after a shaky period beforehand. Not...Analysis Article • Jun 10
NN, Inc. (NASDAQ:NNBR) Surges 26% Yet Its Low P/S Is No Reason For Excitement
NN, Inc. ( NASDAQ:NNBR ) shareholders are no doubt pleased to see that the share price has bounced 26% in the last...Analysis Article • May 09
Is NN (NASDAQ:NNBR) Weighed On By Its Debt Load?
Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it seems the smart money knows that...Analysis Article • Apr 08
Take Care Before Jumping Onto NN, Inc. (NASDAQ:NNBR) Even Though It's 26% Cheaper
NN, Inc. ( NASDAQ:NNBR ) shareholders that were waiting for something to happen have been dealt a blow with a 26% share...
New Narrative • Apr 05
New Business Programs And Cost Reductions Will Optimize Operations
Aggressive cost reduction and plant optimization strategies aim to improve margins and boost overall profitability.Analysis Article • Feb 17
NN, Inc.'s (NASDAQ:NNBR) Shares Leap 31% Yet They're Still Not Telling The Full Story
NN, Inc. ( NASDAQ:NNBR ) shareholders are no doubt pleased to see that the share price has bounced 31% in the last...Seeking Alpha • Jan 27
NN, Inc.: The Tariff Beneficiary Poster Child
Summary New CEO Harold Bevis, with significant turnaround experience, has initiated cost cuts, improved margins, and increased new business wins, driving a successful turnaround. NN's high leverage and historical losses are concerns, but positive free cash flow and a potential term loan refinancing at a lower rate offer optimism. New tariffs by the U.S. on Mexico, China, and/or Canada will rapidly accelerate the turnaround if implemented. Read the full article on Seeking AlphaAnalysis Article • Jan 24
Is NN (NASDAQ:NNBR) Using Debt Sensibly?
Warren Buffett famously said, 'Volatility is far from synonymous with risk.' It's only natural to consider a company's...Analysis Article • Jan 03
Market Cool On NN, Inc.'s (NASDAQ:NNBR) Revenues Pushing Shares 25% Lower
NN, Inc. ( NASDAQ:NNBR ) shareholders that were waiting for something to happen have been dealt a blow with a 25% share...Analysis Article • Jul 15
Investors Don't See Light At End Of NN, Inc.'s (NASDAQ:NNBR) Tunnel
You may think that with a price-to-sales (or "P/S") ratio of 0.4x NN, Inc. ( NASDAQ:NNBR ) is a stock worth checking...Analysis Article • Apr 16
Is NN (NASDAQ:NNBR) Weighed On By Its Debt Load?
Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...Financial Position Analysis
Short Term Liabilities: NNBR's short term assets ($180.1M) exceed its short term liabilities ($96.5M).
Long Term Liabilities: NNBR's short term assets ($180.1M) do not cover its long term liabilities ($213.0M).
Debt to Equity History and Analysis
Debt Level: NNBR's net debt to equity ratio (91.8%) is considered high.
Reducing Debt: NNBR's debt to equity ratio has increased from 55.3% to 97.7% 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: NNBR has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: Insufficient data to determine if NNBR has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/07/29 05:53 |
| End of Day Share Price | 2026/07/29 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
NN, Inc. is covered by 11 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Mircea Dobre | Baird |
| Michael Crawford | B. Riley Securities, Inc. |
| Robert Labick | CJS Securities, Inc. |