Innovatec Balance Sheet Health
Financial Health criteria checks 1/6
Innovatec has a total shareholder equity of €51.9M and total debt of €64.2M, which brings its debt-to-equity ratio to 123.6%. Its total assets and total liabilities are €308.5M and €256.5M respectively. Innovatec's EBIT is €13.8M making its interest coverage ratio 2.4. It has cash and short-term investments of €12.3M.
Key information
123.6%
Debt to equity ratio
€64.18m
Debt
| Interest coverage ratio | 2.4x |
| Cash | €12.25m |
| Equity | €51.94m |
| Total liabilities | €256.52m |
| Total assets | €308.46m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 5JT's short term assets (€120.3M) do not cover its short term liabilities (€124.5M).
Long Term Liabilities: 5JT's short term assets (€120.3M) do not cover its long term liabilities (€132.0M).
Debt to Equity History and Analysis
Debt Level: 5JT's net debt to equity ratio (100%) is considered high.
Reducing Debt: 5JT's debt to equity ratio has increased from 59.1% to 123.6% over the past 5 years.
Debt Coverage: 5JT's debt is well covered by operating cash flow (28.8%).
Interest Coverage: 5JT's interest payments on its debt are not well covered by EBIT (2.4x coverage).