Novatti Group Balance Sheet Health
Financial Health criteria checks 3/6
Novatti Group has a total shareholder equity of A$3.8M and total debt of A$1.5M, which brings its debt-to-equity ratio to 39.9%. Its total assets and total liabilities are A$152.6M and A$148.9M respectively.
Key information
39.9%
Debt to equity ratio
AU$1.50m
Debt
Interest coverage ratio | n/a |
Cash | AU$10.95m |
Equity | AU$3.76m |
Total liabilities | AU$148.86m |
Total assets | AU$152.62m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: NOV's short term assets (A$139.1M) do not cover its short term liabilities (A$147.2M).
Long Term Liabilities: NOV's short term assets (A$139.1M) exceed its long term liabilities (A$1.7M).
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 0% to 39.9% 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 9 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.