Innovatec Balance Sheet Health
Financial Health criteria checks 3/6
Innovatec has a total shareholder equity of €43.5M and total debt of €69.2M, which brings its debt-to-equity ratio to 159%. Its total assets and total liabilities are €272.2M and €228.6M respectively. Innovatec's EBIT is €8.9M making its interest coverage ratio 3. It has cash and short-term investments of €22.0M.
Key information
159.0%
Debt to equity ratio
€69.22m
Debt
Interest coverage ratio | 3x |
Cash | €21.95m |
Equity | €43.53m |
Total liabilities | €228.62m |
Total assets | €272.15m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 5JT's short term assets (€139.1M) exceed its short term liabilities (€121.6M).
Long Term Liabilities: 5JT's short term assets (€139.1M) exceed its long term liabilities (€107.0M).
Debt to Equity History and Analysis
Debt Level: 5JT's net debt to equity ratio (108.6%) is considered high.
Reducing Debt: 5JT had negative shareholder equity 5 years ago, but is now positive and has therefore improved.
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: Insufficient data to determine if 5JT has enough cash runway based on its current free cash flow.
Forecast Cash Runway: Insufficient data to determine if 5JT has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.