Kinovo Balance Sheet Health
Financial Health criteria checks 5/6
Kinovo has a total shareholder equity of £1.1M and total debt of £114.0K, which brings its debt-to-equity ratio to 10.8%. Its total assets and total liabilities are £22.3M and £21.2M respectively. Kinovo's EBIT is £5.7M making its interest coverage ratio 45.4. It has cash and short-term investments of £1.2M.
Key information
10.8%
Debt to equity ratio
UK£114.00k
Debt
Interest coverage ratio | 45.4x |
Cash | UK£1.16m |
Equity | UK£1.06m |
Total liabilities | UK£21.22m |
Total assets | UK£22.27m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 0D6's short term assets (£15.9M) do not cover its short term liabilities (£20.7M).
Long Term Liabilities: 0D6's short term assets (£15.9M) exceed its long term liabilities (£514.0K).
Debt to Equity History and Analysis
Debt Level: 0D6 has more cash than its total debt.
Reducing Debt: 0D6's debt to equity ratio has reduced from 47.3% to 10.8% over the past 5 years.
Debt Coverage: 0D6's debt is well covered by operating cash flow (2001.8%).
Interest Coverage: 0D6's interest payments on its debt are well covered by EBIT (45.4x coverage).