NowVertical Group Balance Sheet Health
Financial Health criteria checks 2/6
NowVertical Group has a total shareholder equity of $310.5K and total debt of $15.0M, which brings its debt-to-equity ratio to 4836.9%. Its total assets and total liabilities are $41.2M and $40.9M respectively. NowVertical Group's EBIT is $2.2M making its interest coverage ratio 1.2. It has cash and short-term investments of $4.0M.
Key information
4,836.9%
Debt to equity ratio
US$15.02m
Debt
Interest coverage ratio | 1.2x |
Cash | US$4.01m |
Equity | US$310.50k |
Total liabilities | US$40.94m |
Total assets | US$41.25m |
Financial Position Analysis
Short Term Liabilities: NOW's short term assets ($16.2M) do not cover its short term liabilities ($22.6M).
Long Term Liabilities: NOW's short term assets ($16.2M) do not cover its long term liabilities ($18.4M).
Debt to Equity History and Analysis
Debt Level: NOW's net debt to equity ratio (3543.9%) is considered high.
Reducing Debt: Insufficient data to determine if NOW's debt to equity ratio has reduced 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: NOW has sufficient cash runway for more than 3 years based on its current free cash flow.
Forecast Cash Runway: NOW has sufficient cash runway for more than 3 years if free cash flow continues to reduce at historical rates of 7.6% each year