Novacyt Balance Sheet Health

Financial Health criteria checks 6/6

Novacyt has a total shareholder equity of £70.4M and total debt of £0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are £99.4M and £29.0M respectively.

Key information

Debt to equity ratio

UK£0

Debt

Interest coverage ratio	n/a
Cash	UK£32.95m
Equity	UK£70.41m
Total liabilities	UK£28.99m
Total assets	UK£99.40m

Recent financial health updates

Recent updates

Novacyt S.A. (EPA:ALNOV) Not Doing Enough For Some Investors As Its Shares Slump 36%

Sep 30

Novacyt S.A. (EPA:ALNOV) Stock Catapults 39% Though Its Price And Business Still Lag The Industry

Aug 16

Here's Why Novacyt (EPA:ALNOV) Must Use Its Cash Wisely

Aug 15

Revenues Working Against Novacyt S.A.'s (EPA:ALNOV) Share Price

Jun 14

Is Novacyt (EPA:ALNOV) In A Good Position To Deliver On Growth Plans?

Nov 28

We're Keeping An Eye On Novacyt's (EPA:ALNOV) Cash Burn Rate

Jul 04

Estimating The Fair Value Of Novacyt S.A. (EPA:ALNOV)

Jan 24

With EPS Growth And More, Novacyt (EPA:ALNOV) Is Interesting

Mar 18

With EPS Growth And More, Novacyt (EPA:ALNOV) Is Interesting

Nov 25

Little Excitement Around Novacyt S.A.'s (EPA:ALNOV) Earnings As Shares Take 25% Pounding

Sep 29

Novacyt's (EPA:ALNOV) Wonderful 999% Share Price Increase Shows How Capitalism Can Build Wealth

Mar 08

Is Novacyt S.A.'s(EPA:ALNOV) Recent Stock Performance Tethered To Its Strong Fundamentals?

Jan 22

Calculating The Intrinsic Value Of Novacyt S.A. (EPA:ALNOV)

Dec 15

We're Not Counting On Novacyt (EPA:ALNOV) To Sustain Its Statutory Profitability

Nov 19

Financial Position Analysis

Short Term Liabilities: ALNOV's short term assets (£55.0M) exceed its short term liabilities (£13.6M).

Long Term Liabilities: ALNOV's short term assets (£55.0M) exceed its long term liabilities (£15.4M).

Debt to Equity History and Analysis

Debt Level: ALNOV is debt free.

Reducing Debt: ALNOV has no debt compared to 5 years ago when its debt to equity ratio was 32.9%.

Debt Coverage: ALNOV has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: ALNOV has no debt, therefore coverage of interest payments is not a concern.

Novacyt Balance Sheet Health

Financial Health criteria checks 6/6

Key information

Recent financial health updates

Here's Why Novacyt (EPA:ALNOV) Must Use Its Cash Wisely

Is Novacyt (EPA:ALNOV) In A Good Position To Deliver On Growth Plans?

We're Keeping An Eye On Novacyt's (EPA:ALNOV) Cash Burn Rate

Recent updates

Novacyt S.A. Closure of IT-IS International Limited

Novacyt S.A. Closure of IT-IS International Limited

Novacyt S.A. (EPA:ALNOV) Not Doing Enough For Some Investors As Its Shares Slump 36%

First half 2024 earnings released: UK£0.25 loss per share (vs UK£0.12 loss in 1H 2023)

Novacyt S.A. Appoints John Brown Cbe as Chairman, Effective from 1 October 2024

New minor risk - Financial data availability

Novacyt S.A. to Report First Half, 2024 Results on Sep 26, 2024

Novacyt S.A. (EPA:ALNOV) Stock Catapults 39% Though Its Price And Business Still Lag The Industry

Here's Why Novacyt (EPA:ALNOV) Must Use Its Cash Wisely

Revenues Working Against Novacyt S.A.'s (EPA:ALNOV) Share Price

New major risk - Share price stability

Novacyt S.A., Annual General Meeting, Jun 26, 2024

Novacyt S.A. to Report Fiscal Year 2023 Results on May 30, 2024

Less than half of directors are independent

Novacyt S.A. Notes DHSC Application for Summary Judgment Dismissed

New minor risk - Financial data availability

Novacyt S.A. Announces Changes to Its Board, Effective on May 1, 2024

New minor risk - Share price stability

Is Novacyt (EPA:ALNOV) In A Good Position To Deliver On Growth Plans?

First half 2023 earnings released: UK£0.12 loss per share (vs UK£0.071 loss in 1H 2022)

New major risk - Revenue and earnings growth

Novacyt S.A. to Report Q2, 2023 Results on Sep 28, 2023

Novacyt S.A. Provides Group Revenue Guidance for the First Half Ended June 30, 2023

We're Keeping An Eye On Novacyt's (EPA:ALNOV) Cash Burn Rate

Novacyt S.A., Annual General Meeting, Jun 15, 2023

Full year 2022 earnings released: UK£0.31 loss per share (vs UK£0.14 loss in FY 2021)

Now 23% undervalued after recent price drop

Novacyt S.A. to Report Fiscal Year 2022 Results on Apr 24, 2023

Estimating The Fair Value Of Novacyt S.A. (EPA:ALNOV)

Now 21% undervalued after recent price drop

Novacyt S.A. Announces Retirement of Non-Executive Director, Effective on 31 December 2022

Novacyt Announces Step Down of David Allmond as Member of the Board

Novacyt Announces Approval of genesig® SARS-CoV-2 Winterplex® 3 Gene Assay Panel in the UK Under CTDA Legislation

First half 2022 earnings released: UK£0.07 loss per share (vs UK£0.18 loss in 1H 2021)

Novacyt S.A. Provides Group Financial Guidance for the Third Quarter and Year-To-Date Ended September 2022 and Fourth Quarter of 2022

Novacyt S.A. to Report First Half, 2022 Results on Sep 29, 2022

Novacyt Announces the Launch of the First Fully Lyophilised (Freeze-Dried), Direct-To-PCR Assays

Novacyt S.A. Launches Research-Use-Only Adenovirus F41 Assay

Novacyt S.A. Announces Approval of exsig COVID-19 Direct test in the UK

Novacyt Announces the Launch of Its Research-Use-Only Polymerase Chain Reaction Monkeypox Assay in Response to the Recent Outbreak of the Virus in Non-Endemic Countries

Novacyt S.A., Annual General Meeting, Jun 21, 2022

Full year 2021 earnings released: UK£0.14 loss per share (vs UK£1.94 profit in FY 2020)

Novacyt S.A. Provides Update on DHSC Dispute

Novacyt Announces Approval of COVID-19 Test Under CTDA Legislation

CEO & Director recently bought €121k worth of stock

With EPS Growth And More, Novacyt (EPA:ALNOV) Is Interesting

Novacyt S.A. Announces Approval of the First Direct-To-PCR Covid-19 Test in the UK Under CTDA Legislation

Novacyt S.A. to Report Fiscal Year 2021 Results on Apr 25, 2022

Investor sentiment deteriorated over the past week

Investor sentiment improved over the past week

Investor sentiment deteriorated over the past week

With EPS Growth And More, Novacyt (EPA:ALNOV) Is Interesting

Investor sentiment improved over the past week

High number of new directors

Investor sentiment improved over the past week

Little Excitement Around Novacyt S.A.'s (EPA:ALNOV) Earnings As Shares Take 25% Pounding

Investor sentiment improved over the past week

Novacyt S.A. Reiterate Revenue Guidance for the Full Year

Full year 2020 earnings released: EPS UK£1.94 (vs UK£0.072 loss in FY 2019)

Novacyt S.A. Provides Sales Guidance for the Full Year 2021

Novacyt S.A. Announces the Launch of Two New Polymerase Chain Reaction Assays, Expanding its genesig® COVID-19 and SNPsig® SARS-CoV-2 Variant Detection Portfolios

Novacyt S.A. Announces Launch of VersaLab™ Portable

Investor sentiment deteriorated over the past week

Price target decreased to €4.90

Novacyt S.A. Announces Inclusion of SNPsig SARS-CoV-2 PCR Genotyping Portfolio in the NHS England Framework and Expansion of SNPsig Product Range

Investor sentiment improved over the past week

Novacyt S.A. Provides Earnings Guidance for the Year 2021

Investor sentiment deteriorated over the past week

Novacyt's (EPA:ALNOV) Wonderful 999% Share Price Increase Shows How Capitalism Can Build Wealth

New 90-day low: €7.93

Investor sentiment deteriorated over the past week

Novacyt S.A. Announces Launch of PCR Genotyping Assay Portfolio to Detect Covid-19 Variants