Noratis Balance Sheet Health
Financial Health criteria checks 2/6
Noratis has a total shareholder equity of €83.4M and total debt of €392.7M, which brings its debt-to-equity ratio to 470.6%. Its total assets and total liabilities are €482.7M and €399.3M respectively. Noratis's EBIT is €9.4M making its interest coverage ratio 0.7. It has cash and short-term investments of €12.1M.
Key information
470.6%
Debt to equity ratio
€392.67m
Debt
Interest coverage ratio | 0.7x |
Cash | €12.13m |
Equity | €83.44m |
Total liabilities | €399.29m |
Total assets | €482.72m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: NUVA's short term assets (€463.4M) exceed its short term liabilities (€21.5M).
Long Term Liabilities: NUVA's short term assets (€463.4M) exceed its long term liabilities (€377.8M).
Debt to Equity History and Analysis
Debt Level: NUVA's net debt to equity ratio (456.1%) is considered high.
Reducing Debt: NUVA's debt to equity ratio has increased from 201.3% to 470.6% over the past 5 years.
Debt Coverage: NUVA's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: NUVA's interest payments on its debt are not well covered by EBIT (0.7x coverage).