Ovanti Balance Sheet Health
Financial Health criteria checks 4/6
Ovanti has a total shareholder equity of A$11.3M and total debt of A$1.2M, which brings its debt-to-equity ratio to 11%. Its total assets and total liabilities are A$15.8M and A$4.5M respectively.
Key information
11.0%
Debt to equity ratio
AU$1.25m
Debt
| Interest coverage ratio | n/a |
| Cash | AU$472.67k |
| Equity | AU$11.32m |
| Total liabilities | AU$4.52m |
| Total assets | AU$15.84m |
Financial Position Analysis
Short Term Liabilities: OVT's short term assets (A$1.9M) do not cover its short term liabilities (A$4.5M).
Long Term Liabilities: OVT has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: OVT's net debt to equity ratio (6.8%) is considered satisfactory.
Reducing Debt: OVT's debt to equity ratio has increased from 0% to 11% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: OVT has sufficient cash runway for 1 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: OVT is forecast to have sufficient cash runway for 1 months based on free cash flow estimates, but has since raised additional capital.