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 ZAR471.5M, which brings its debt-to-equity ratio to 20.4%. Its total assets and total liabilities are ZAR3.7B and ZAR1.4B respectively. Novus Holdings's EBIT is ZAR166.7M making its interest coverage ratio 3.7. It has cash and short-term investments of ZAR621.1M.
Key information
20.4%
Debt to equity ratio
R471.53m
Debt
Interest coverage ratio | 3.7x |
Cash | R621.06m |
Equity | R2.31b |
Total liabilities | R1.38b |
Total assets | R3.69b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: N09's short term assets (ZAR2.3B) exceed its short term liabilities (ZAR862.7M).
Long Term Liabilities: N09's short term assets (ZAR2.3B) exceed its long term liabilities (ZAR517.5M).
Debt to Equity History and Analysis
Debt Level: N09 has more cash than its total debt.
Reducing Debt: N09's debt to equity ratio has increased from 11.2% to 20.4% over the past 5 years.
Debt Coverage: N09's debt is well covered by operating cash flow (130.8%).
Interest Coverage: N09's interest payments on its debt are well covered by EBIT (3.7x coverage).