Olvi Oyj Balance Sheet Health
Financial Health criteria checks 6/6
Olvi Oyj has a total shareholder equity of €273.9M and total debt of €6.9M, which brings its debt-to-equity ratio to 2.5%. Its total assets and total liabilities are €496.7M and €222.8M respectively. Olvi Oyj's EBIT is €68.9M making its interest coverage ratio -166.9. It has cash and short-term investments of €17.6M.
Key information
2.5%
Debt to equity ratio
€6.88m
Debt
Interest coverage ratio | -166.9x |
Cash | €17.60m |
Equity | €273.91m |
Total liabilities | €222.81m |
Total assets | €496.71m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: OVI's short term assets (€239.4M) exceed its short term liabilities (€203.6M).
Long Term Liabilities: OVI's short term assets (€239.4M) exceed its long term liabilities (€19.2M).
Debt to Equity History and Analysis
Debt Level: OVI has more cash than its total debt.
Reducing Debt: OVI's debt to equity ratio has reduced from 2.8% to 2.5% over the past 5 years.
Debt Coverage: OVI's debt is well covered by operating cash flow (690.1%).
Interest Coverage: OVI earns more interest than it pays, so coverage of interest payments is not a concern.