Neste Oyj Balance Sheet Health
Financial Health criteria checks 4/6
Neste Oyj has a total shareholder equity of €7.5B and total debt of €4.0B, which brings its debt-to-equity ratio to 52.6%. Its total assets and total liabilities are €16.1B and €8.5B respectively. Neste Oyj's EBIT is €556.0M making its interest coverage ratio 7. It has cash and short-term investments of €922.0M.
Key information
52.6%
Debt to equity ratio
€3.97b
Debt
| Interest coverage ratio | 7x |
| Cash | €922.00m |
| Equity | €7.54b |
| Total liabilities | €8.51b |
| Total assets | €16.05b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: NTOI.F's short term assets (€6.3B) exceed its short term liabilities (€3.7B).
Long Term Liabilities: NTOI.F's short term assets (€6.3B) exceed its long term liabilities (€4.8B).
Debt to Equity History and Analysis
Debt Level: NTOI.F's net debt to equity ratio (40.4%) is considered high.
Reducing Debt: NTOI.F's debt to equity ratio has increased from 19.7% to 52.6% over the past 5 years.
Debt Coverage: NTOI.F's debt is well covered by operating cash flow (24.2%).
Interest Coverage: NTOI.F's interest payments on its debt are well covered by EBIT (7x coverage).