Noratis Balance Sheet Health
Financial Health criteria checks 2/6
Noratis has a total shareholder equity of €65.5M and total debt of €382.3M, which brings its debt-to-equity ratio to 583.4%. Its total assets and total liabilities are €451.8M and €386.3M respectively. Noratis's EBIT is €5.8M making its interest coverage ratio 0.4. It has cash and short-term investments of €11.7M.
Key information
583.4%
Debt to equity ratio
€382.28m
Debt
| Interest coverage ratio | 0.4x |
| Cash | €11.65m |
| Equity | €65.53m |
| Total liabilities | €386.30m |
| Total assets | €451.83m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: NUVA's short term assets (€431.8M) exceed its short term liabilities (€55.7M).
Long Term Liabilities: NUVA's short term assets (€431.8M) exceed its long term liabilities (€330.6M).
Debt to Equity History and Analysis
Debt Level: NUVA's net debt to equity ratio (565.6%) is considered high.
Reducing Debt: NUVA's debt to equity ratio has increased from 267.5% to 583.4% over the past 5 years.
Debt Coverage: NUVA's debt is not well covered by operating cash flow (3.9%).
Interest Coverage: NUVA's interest payments on its debt are not well covered by EBIT (0.4x coverage).