Novem Group Balance Sheet Health
Financial Health criteria checks 3/6
Novem Group has a total shareholder equity of €90.5M and total debt of €250.0M, which brings its debt-to-equity ratio to 276.4%. Its total assets and total liabilities are €565.1M and €474.7M respectively. Novem Group's EBIT is €49.1M making its interest coverage ratio 3.1. It has cash and short-term investments of €132.4M.
Key information
276.4%
Debt to equity ratio
€250.01m
Debt
| Interest coverage ratio | 3.1x |
| Cash | €132.44m |
| Equity | €90.45m |
| Total liabilities | €474.66m |
| Total assets | €565.11m |
Recent financial health updates
Recent updates
Here's Why Novem Group (ETR:NVM) Has A Meaningful Debt Burden
Dec 20
Novem Group's (ETR:NVM) Returns On Capital Not Reflecting Well On The Business
Nov 15The Market Lifts Novem Group S.A. (ETR:NVM) Shares 36% But It Can Do More
Oct 07Market Cool On Novem Group S.A.'s (ETR:NVM) Earnings Pushing Shares 26% Lower
Aug 23What Does Novem Group S.A.'s (ETR:NVM) Share Price Indicate?
Aug 13Novem Group's (ETR:NVM) Soft Earnings Are Actually Better Than They Appear
Jun 08It's Down 25% But Novem Group S.A. (ETR:NVM) Could Be Riskier Than It Looks
Mar 19Novem Group's (ETR:NVM) Returns On Capital Not Reflecting Well On The Business
Sep 20Shareholders Can Be Confident That Novem Group's (ETR:NVM) Earnings Are High Quality
Feb 23Novem Group S.A. (ETR:NVM) Released Earnings Last Week And Analysts Lifted Their Price Target To €16.17
Feb 19Financial Position Analysis
Short Term Liabilities: NVM's short term assets (€319.5M) exceed its short term liabilities (€144.2M).
Long Term Liabilities: NVM's short term assets (€319.5M) do not cover its long term liabilities (€330.4M).
Debt to Equity History and Analysis
Debt Level: NVM's net debt to equity ratio (130%) is considered high.
Reducing Debt: NVM had negative shareholder equity 5 years ago, but is now positive and has therefore improved.
Debt Coverage: NVM's debt is not well covered by operating cash flow (13.3%).
Interest Coverage: NVM's interest payments on its debt are well covered by EBIT (3.1x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/02/06 03:16 |
| End of Day Share Price | 2025/02/06 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2024/03/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Novem Group S.A. is covered by 7 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Philippe Lorrain | Berenberg |
| Christian Glowa | Hauck Aufhäuser Investment Banking |
| Martin Comtesse | Jefferies LLC |