Novus Holdings Balance Sheet Health
Financial Health criteria checks 5/6
Novus Holdings has a total shareholder equity of ZAR2.3B and total debt of ZAR510.6M, which brings its debt-to-equity ratio to 22.4%. Its total assets and total liabilities are ZAR3.8B and ZAR1.5B respectively. Novus Holdings's EBIT is ZAR475.2M making its interest coverage ratio -33.6. It has cash and short-term investments of ZAR335.4M.
Key information
22.4%
Debt to equity ratio
R510.65m
Debt
| Interest coverage ratio | -33.6x |
| Cash | R335.44m |
| Equity | R2.28b |
| Total liabilities | R1.54b |
| Total assets | R3.82b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: N09's short term assets (ZAR2.6B) exceed its short term liabilities (ZAR1.4B).
Long Term Liabilities: N09's short term assets (ZAR2.6B) exceed its long term liabilities (ZAR187.2M).
Debt to Equity History and Analysis
Debt Level: N09's net debt to equity ratio (7.7%) is considered satisfactory.
Reducing Debt: N09's debt to equity ratio has increased from 14.6% to 22.4% over the past 5 years.
Debt Coverage: N09's debt is well covered by operating cash flow (55%).
Interest Coverage: N09 earns more interest than it pays, so coverage of interest payments is not a concern.