Nexity Balance Sheet Health
Financial Health criteria checks 2/6
Nexity has a total shareholder equity of €1.9B and total debt of €1.7B, which brings its debt-to-equity ratio to 89.8%. Its total assets and total liabilities are €8.5B and €6.6B respectively. Nexity's EBIT is €178.5M making its interest coverage ratio 2.3. It has cash and short-term investments of €715.9M.
Key information
89.8%
Debt to equity ratio
€1.74b
Debt
Interest coverage ratio | 2.3x |
Cash | €715.95m |
Equity | €1.94b |
Total liabilities | €6.56b |
Total assets | €8.50b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: NNXX.Y's short term assets (€6.2B) exceed its short term liabilities (€5.2B).
Long Term Liabilities: NNXX.Y's short term assets (€6.2B) exceed its long term liabilities (€1.4B).
Debt to Equity History and Analysis
Debt Level: NNXX.Y's net debt to equity ratio (52.9%) is considered high.
Reducing Debt: NNXX.Y's debt to equity ratio has increased from 89.7% to 89.8% over the past 5 years.
Debt Coverage: NNXX.Y's debt is not well covered by operating cash flow (13.7%).
Interest Coverage: NNXX.Y's interest payments on its debt are not well covered by EBIT (2.3x coverage).