Novatti Group Balance Sheet Health
Financial Health criteria checks 3/6
Novatti Group has a total shareholder equity of A$241.0K and total debt of A$3.0M, which brings its debt-to-equity ratio to 1255.6%. Its total assets and total liabilities are A$123.9M and A$123.6M respectively.
Key information
1,255.6%
Debt to equity ratio
AU$3.03m
Debt
| Interest coverage ratio | n/a |
| Cash | AU$5.21m |
| Equity | AU$241.00k |
| Total liabilities | AU$123.62m |
| Total assets | AU$123.86m |
Recent financial health updates
Is Novatti Group (ASX:NOV) Using Debt In A Risky Way?
Nov 10
Is Novatti Group (ASX:NOV) Using Too Much Debt?
Mar 01Recent updates
Novatti Group Limited (ASX:NOV) Not Doing Enough For Some Investors As Its Shares Slump 27%
Nov 12Novatti Group Limited's (ASX:NOV) Shares Bounce 67% But Its Business Still Trails The Industry
Sep 24Little Excitement Around Novatti Group Limited's (ASX:NOV) Revenues As Shares Take 30% Pounding
Aug 10Little Excitement Around Novatti Group Limited's (ASX:NOV) Revenues
Jun 11Is Novatti Group (ASX:NOV) Using Debt In A Risky Way?
Nov 10Estimating The Fair Value Of Novatti Group Limited (ASX:NOV)
Oct 02It's A Story Of Risk Vs Reward With Novatti Group Limited (ASX:NOV)
Jun 14Increases to Novatti Group Limited's (ASX:NOV) CEO Compensation Might Cool off for now
Nov 16Is Novatti Group (ASX:NOV) Using Too Much Debt?
Mar 01What Can We Make Of Novatti Group's (ASX:NOV) CEO Compensation?
Jan 04Financial Position Analysis
Short Term Liabilities: NOV's short term assets (A$112.1M) do not cover its short term liabilities (A$121.3M).
Long Term Liabilities: NOV's short term assets (A$112.1M) exceed its long term liabilities (A$2.4M).
Debt to Equity History and Analysis
Debt Level: NOV has more cash than its total debt.
Reducing Debt: NOV's debt to equity ratio has increased from 6.6% to 1255.6% 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: NOV has sufficient cash runway for 5 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: Insufficient data to determine if NOV has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.