Is Nel financially healthy?
Not really
Nel earns only -76.7 times its interest bill, which leaves little room.
The numbers behind it
Net debt / EBITDANet cash
Cash vs. debtNOK 1.6B vs. NOK 233M
Current ratio3.9×Short-term assets for each NOK 1 of bills due within a year
Interest coverage-76.7×How many times operating profit covers the interest bill
How we decide
We measure debt in years of earnings (net debt / EBITDA): under 1 is very comfortable, 1 to 3 is manageable, above 3 is heavy. A company that earns less than 3 times its interest bill also counts as weak.
More questions about Nel
Data as of Nov 13, 2026.