Kinovo Balance Sheet Health
Financial Health criteria checks 2/6
Kinovo has a total shareholder equity of £-1.1M and total debt of £86.0K, which brings its debt-to-equity ratio to -8%. Its total assets and total liabilities are £24.4M and £25.5M respectively. Kinovo's EBIT is £6.4M making its interest coverage ratio 56.5. It has cash and short-term investments of £489.0K.
Key information
-8.0%
Debt to equity ratio
UK£86.00k
Debt
| Interest coverage ratio | 56.5x |
| Cash | UK£489.00k |
| Equity | -UK£1.08m |
| Total liabilities | UK£25.47m |
| Total assets | UK£24.39m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 0D6 has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: 0D6 has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.
Debt to Equity History and Analysis
Debt Level: 0D6 has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: 0D6's has negative shareholder equity, so we do not need to check if its debt has reduced over time.
Debt Coverage: 0D6's debt is well covered by operating cash flow (444.2%).
Interest Coverage: 0D6's interest payments on its debt are well covered by EBIT (56.5x coverage).