Next 15 Group Balance Sheet Health
Financial Health criteria checks 4/6
Next 15 Group has a total shareholder equity of £156.2M and total debt of £44.2M, which brings its debt-to-equity ratio to 28.3%. Its total assets and total liabilities are £591.6M and £435.4M respectively. Next 15 Group's EBIT is £77.1M making its interest coverage ratio 18.2. It has cash and short-term investments of £42.9M.
Key information
28.3%
Debt to equity ratio
UK£44.23m
Debt
Interest coverage ratio | 18.2x |
Cash | UK£42.87m |
Equity | UK£156.22m |
Total liabilities | UK£435.40m |
Total assets | UK£591.62m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: NXFN.F's short term assets (£213.8M) do not cover its short term liabilities (£238.4M).
Long Term Liabilities: NXFN.F's short term assets (£213.8M) exceed its long term liabilities (£197.0M).
Debt to Equity History and Analysis
Debt Level: NXFN.F's net debt to equity ratio (0.9%) is considered satisfactory.
Reducing Debt: NXFN.F's debt to equity ratio has increased from 23% to 28.3% over the past 5 years.
Debt Coverage: NXFN.F's debt is well covered by operating cash flow (180.1%).
Interest Coverage: NXFN.F's interest payments on its debt are well covered by EBIT (18.2x coverage).