Holding Nov Vek AD Balance Sheet Health
Financial Health criteria checks 2/6
Holding Nov Vek AD has a total shareholder equity of BGN63.3M and total debt of BGN64.7M, which brings its debt-to-equity ratio to 102.1%. Its total assets and total liabilities are BGN136.6M and BGN73.3M respectively. Holding Nov Vek AD's EBIT is BGN188.0K making its interest coverage ratio 0.1. It has cash and short-term investments of BGN28.5M.
Key information
102.1%
Debt to equity ratio
лв64.70m
Debt
Interest coverage ratio | 0.09x |
Cash | лв28.51m |
Equity | лв63.34m |
Total liabilities | лв73.30m |
Total assets | лв136.64m |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: HNVK's short term assets (BGN47.4M) exceed its short term liabilities (BGN18.6M).
Long Term Liabilities: HNVK's short term assets (BGN47.4M) do not cover its long term liabilities (BGN54.7M).
Debt to Equity History and Analysis
Debt Level: HNVK's net debt to equity ratio (57.1%) is considered high.
Reducing Debt: HNVK's debt to equity ratio has reduced from 598.9% to 102.1% over the past 5 years.
Debt Coverage: HNVK's debt is not well covered by operating cash flow (1.1%).
Interest Coverage: HNVK's interest payments on its debt are not well covered by EBIT (0.1x coverage).