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 ratio9.5x
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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