Neinor Homes Balance Sheet Health
Financial Health criteria checks 6/6
Neinor Homes has a total shareholder equity of €948.0M and total debt of €400.0M, which brings its debt-to-equity ratio to 42.2%. Its total assets and total liabilities are €1.7B and €702.8M respectively. Neinor Homes's EBIT is €89.5M making its interest coverage ratio -56. It has cash and short-term investments of €233.1M.
Key information
42.2%
Debt to equity ratio
€400.02m
Debt
| Interest coverage ratio | -56x |
| Cash | €233.14m |
| Equity | €947.96m |
| Total liabilities | €702.85m |
| Total assets | €1.65b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: NNRH.F's short term assets (€1.4B) exceed its short term liabilities (€493.7M).
Long Term Liabilities: NNRH.F's short term assets (€1.4B) exceed its long term liabilities (€209.1M).
Debt to Equity History and Analysis
Debt Level: NNRH.F's net debt to equity ratio (17.6%) is considered satisfactory.
Reducing Debt: NNRH.F's debt to equity ratio has reduced from 46.4% to 42.2% over the past 5 years.
Debt Coverage: NNRH.F's debt is well covered by operating cash flow (31.5%).
Interest Coverage: NNRH.F earns more interest than it pays, so coverage of interest payments is not a concern.