Novavest Real Estate Balance Sheet Health
Financial Health criteria checks 2/6
Novavest Real Estate has a total shareholder equity of CHF331.9M and total debt of CHF427.2M, which brings its debt-to-equity ratio to 128.7%. Its total assets and total liabilities are CHF793.7M and CHF461.8M respectively. Novavest Real Estate's EBIT is CHF19.5M making its interest coverage ratio 4.2. It has cash and short-term investments of CHF2.6M.
Key information
128.7%
Debt to equity ratio
CHF427.16m
Debt
| Interest coverage ratio | 4.2x |
| Cash | CHF2.56m |
| Equity | CHF331.87m |
| Total liabilities | CHF461.84m |
| Total assets | CHF793.70m |
Recent financial health updates
Recent updates
Novavest Real Estate (VTX:NREN) Has A Somewhat Strained Balance Sheet
Mar 22
Should You Or Shouldn't You: A Dividend Analysis on Novavest Real Estate AG (VTX:NREN)
Feb 09Here's Why We Think Novavest Real Estate (VTX:NREN) Is Well Worth Watching
Jan 19
Novavest Real Estate (VTX:NREN) Has Compensated Shareholders With A Respectable 50% Return On Their Investment
Dec 31Should You Rely On Novavest Real Estate's (VTX:NREN) Earnings Growth?
Dec 08How Did Novavest Real Estate AG's (VTX:NREN) 6.2% ROE Fare Against The Industry?
Nov 25Financial Position Analysis
Short Term Liabilities: NREN's short term assets (CHF8.6M) do not cover its short term liabilities (CHF97.6M).
Long Term Liabilities: NREN's short term assets (CHF8.6M) do not cover its long term liabilities (CHF364.2M).
Debt to Equity History and Analysis
Debt Level: NREN's net debt to equity ratio (127.9%) is considered high.
Reducing Debt: NREN's debt to equity ratio has reduced from 146.6% to 128.7% over the past 5 years.
Debt Coverage: NREN's debt is not well covered by operating cash flow (3.2%).
Interest Coverage: NREN's interest payments on its debt are well covered by EBIT (4.2x coverage).