Emova Group Balance Sheet Health
Financial Health criteria checks 2/6
Emova Group has a total shareholder equity of €31.6M and total debt of €18.3M, which brings its debt-to-equity ratio to 57.8%. Its total assets and total liabilities are €75.5M and €43.9M respectively. Emova Group's EBIT is €4.6M making its interest coverage ratio 3.6. It has cash and short-term investments of €310.0K.
Key information
57.8%
Debt to equity ratio
€18.26m
Debt
| Interest coverage ratio | 3.6x |
| Cash | €310.00k |
| Equity | €31.60m |
| Total liabilities | €43.94m |
| Total assets | €75.54m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 2JV1's short term assets (€14.3M) do not cover its short term liabilities (€21.9M).
Long Term Liabilities: 2JV1's short term assets (€14.3M) do not cover its long term liabilities (€22.0M).
Debt to Equity History and Analysis
Debt Level: 2JV1's net debt to equity ratio (56.8%) is considered high.
Reducing Debt: 2JV1's debt to equity ratio has increased from 34.6% to 57.8% over the past 5 years.
Debt Coverage: 2JV1's debt is well covered by operating cash flow (24%).
Interest Coverage: 2JV1's interest payments on its debt are well covered by EBIT (3.6x coverage).