Hove Balance Sheet Health
Financial Health criteria checks 5/6
Hove has a total shareholder equity of DKK76.4M and total debt of DKK4.1M, which brings its debt-to-equity ratio to 5.4%. Its total assets and total liabilities are DKK104.5M and DKK28.1M respectively. Hove's EBIT is DKK13.1M making its interest coverage ratio -5.8. It has cash and short-term investments of DKK4.0M.
Key information
5.4%
Debt to equity ratio
DKK 4.10m
Debt
| Interest coverage ratio | -5.8x |
| Cash | DKK 3.95m |
| Equity | DKK 76.41m |
| Total liabilities | DKK 28.13m |
| Total assets | DKK 104.54m |
Recent financial health updates
No updates
Recent updates
Returns On Capital Are A Standout For Hove (CPH:HOVE)
Aug 23
Hove (CPH:HOVE) Is Investing Its Capital With Increasing Efficiency
Feb 29Hove (CPH:HOVE) Knows How To Allocate Capital Effectively
Nov 10Hove's (CPH:HOVE) Earnings Are Of Questionable Quality
Sep 07Hove (CPH:HOVE) Hasn't Managed To Accelerate Its Returns
May 26Hove (CPH:HOVE) Is Reinvesting At Lower Rates Of Return
Dec 15Financial Position Analysis
Short Term Liabilities: HOVE's short term assets (DKK78.3M) exceed its short term liabilities (DKK20.4M).
Long Term Liabilities: HOVE's short term assets (DKK78.3M) exceed its long term liabilities (DKK7.7M).
Debt to Equity History and Analysis
Debt Level: HOVE's net debt to equity ratio (0.2%) is considered satisfactory.
Reducing Debt: Insufficient data to determine if HOVE's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: HOVE's debt is well covered by operating cash flow (121.3%).
Interest Coverage: HOVE earns more interest than it pays, so coverage of interest payments is not a concern.