Pacte Novation Balance Sheet Health
Financial Health criteria checks 6/6
Pacte Novation has a total shareholder equity of €2.5M and total debt of €2.4K, which brings its debt-to-equity ratio to 0.09%. Its total assets and total liabilities are €4.9M and €2.3M respectively. Pacte Novation's EBIT is €44.7K making its interest coverage ratio 4.6. It has cash and short-term investments of €2.1M.
Key information
0.09%
Debt to equity ratio
€2.36k
Debt
Interest coverage ratio | 4.6x |
Cash | €2.09m |
Equity | €2.53m |
Total liabilities | €2.33m |
Total assets | €4.86m |
Financial Position Analysis
Short Term Liabilities: MLPAC's short term assets (€4.3M) exceed its short term liabilities (€2.3M).
Long Term Liabilities: MLPAC has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: MLPAC has more cash than its total debt.
Reducing Debt: MLPAC's debt to equity ratio has reduced from 0.1% to 0.09% over the past 5 years.
Debt Coverage: MLPAC's debt is well covered by operating cash flow (254.3%).
Interest Coverage: MLPAC's interest payments on its debt are well covered by EBIT (4.6x coverage).