NEXT Balance Sheet Health
Financial Health criteria checks 5/6
NEXT has a total shareholder equity of £1.6B and total debt of £890.3M, which brings its debt-to-equity ratio to 54.3%. Its total assets and total liabilities are £4.7B and £3.1B respectively. NEXT's EBIT is £968.7M making its interest coverage ratio 12.1. It has cash and short-term investments of £188.3M.
Key information
54.3%
Debt to equity ratio
UK£890.30m
Debt
| Interest coverage ratio | 12.1x |
| Cash | UK£188.30m |
| Equity | UK£1.64b |
| Total liabilities | UK£3.09b |
| Total assets | UK£4.72b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: NXGP.F's short term assets (£2.4B) exceed its short term liabilities (£1.2B).
Long Term Liabilities: NXGP.F's short term assets (£2.4B) exceed its long term liabilities (£1.8B).
Debt to Equity History and Analysis
Debt Level: NXGP.F's net debt to equity ratio (42.8%) is considered high.
Reducing Debt: NXGP.F's debt to equity ratio has reduced from 354.6% to 54.3% over the past 5 years.
Debt Coverage: NXGP.F's debt is well covered by operating cash flow (125.8%).
Interest Coverage: NXGP.F's interest payments on its debt are well covered by EBIT (12.1x coverage).