Novem Group Balance Sheet Health
Financial Health criteria checks 3/6
Novem Group has a total shareholder equity of €83.6M and total debt of €249.7M, which brings its debt-to-equity ratio to 298.7%. Its total assets and total liabilities are €593.8M and €510.2M respectively. Novem Group's EBIT is €68.8M making its interest coverage ratio 34.2. It has cash and short-term investments of €125.1M.
Key information
298.7%
Debt to equity ratio
€249.70m
Debt
Interest coverage ratio | 34.2x |
Cash | €125.10m |
Equity | €83.60m |
Total liabilities | €510.20m |
Total assets | €593.80m |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: NVM's short term assets (€320.5M) exceed its short term liabilities (€177.0M).
Long Term Liabilities: NVM's short term assets (€320.5M) do not cover its long term liabilities (€333.2M).
Debt to Equity History and Analysis
Debt Level: NVM's net debt to equity ratio (149%) is considered high.
Reducing Debt: Insufficient data to determine if NVM's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: NVM's debt is well covered by operating cash flow (33%).
Interest Coverage: NVM's interest payments on its debt are well covered by EBIT (34.2x coverage).