Nexans Balance Sheet Health
Financial Health criteria checks 5/6
Nexans has a total shareholder equity of €1.8B and total debt of €1.8B, which brings its debt-to-equity ratio to 97.9%. Its total assets and total liabilities are €7.7B and €5.9B respectively. Nexans's EBIT is €493.0M making its interest coverage ratio 9.5. It has cash and short-term investments of €1.1B.
Key information
97.9%
Debt to equity ratio
€1.79b
Debt
| Interest coverage ratio | 9.5x |
| Cash | €1.12b |
| Equity | €1.83b |
| Total liabilities | €5.90b |
| Total assets | €7.73b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: NEXN.Y's short term assets (€4.4B) exceed its short term liabilities (€3.8B).
Long Term Liabilities: NEXN.Y's short term assets (€4.4B) exceed its long term liabilities (€2.1B).
Debt to Equity History and Analysis
Debt Level: NEXN.Y's net debt to equity ratio (36.6%) is considered satisfactory.
Reducing Debt: NEXN.Y's debt to equity ratio has increased from 83.9% to 97.9% over the past 5 years.
Debt Coverage: NEXN.Y's debt is well covered by operating cash flow (36.4%).
Interest Coverage: NEXN.Y's interest payments on its debt are well covered by EBIT (9.5x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/20 00:13 |
| End of Day Share Price | 2024/12/20 00:00 |
| Earnings | 2024/06/30 |
| Annual Earnings | 2023/12/31 |
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 here.
Analysis Model and Snowflake
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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 .
Analyst Sources
Nexans S.A. is covered by 32 analysts. 8 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 |
|---|---|
| Lionel Pellicer | AlphaValue |
| David Vos | Barclays |
| Xin Wang | Barclays |