Novotek Balance Sheet Health
Financial Health criteria checks 6/6
Novotek has a total shareholder equity of SEK211.0M and total debt of SEK0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are SEK403.2M and SEK192.2M respectively. Novotek's EBIT is SEK52.8M making its interest coverage ratio -121.9. It has cash and short-term investments of SEK109.1M.
Key information
0%
Debt to equity ratio
SEK 0
Debt
| Interest coverage ratio | -121.9x |
| Cash | SEK 109.10m |
| Equity | SEK 211.00m |
| Total liabilities | SEK 192.20m |
| Total assets | SEK 403.20m |
Recent financial health updates
No updates
Recent updates
No updates
Financial Position Analysis
Short Term Liabilities: Z9D's short term assets (SEK227.0M) exceed its short term liabilities (SEK162.5M).
Long Term Liabilities: Z9D's short term assets (SEK227.0M) exceed its long term liabilities (SEK29.7M).
Debt to Equity History and Analysis
Debt Level: Z9D is debt free.
Reducing Debt: Z9D has not had any debt for past 5 years.
Debt Coverage: Z9D has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: Z9D has no debt, therefore coverage of interest payments is not a concern.