Novatech Industries Balance Sheet Health
Financial Health criteria checks 5/6
Novatech Industries has a total shareholder equity of €11.3M and total debt of €4.9M, which brings its debt-to-equity ratio to 43.4%. Its total assets and total liabilities are €56.4M and €45.1M respectively. Novatech Industries's EBIT is €3.3M making its interest coverage ratio 9.1. It has cash and short-term investments of €4.3M.
Key information
43.4%
Debt to equity ratio
€4.91m
Debt
| Interest coverage ratio | 9.1x |
| Cash | €4.30m |
| Equity | €11.32m |
| Total liabilities | €45.07m |
| Total assets | €56.38m |
Recent financial health updates
No updates
Recent updates
We Like These Underlying Return On Capital Trends At Novatech Industries (EPA:MLNOV)
Sep 02
Novatech Industries (EPA:MLNOV) Stock Rockets 26% As Investors Are Less Pessimistic Than Expected
Jul 29Novatech Industries' (EPA:MLNOV) 45% Share Price Surge Not Quite Adding Up
Jun 14Novatech Industries' (EPA:MLNOV) 45% Price Boost Is Out Of Tune With Revenues
Jun 14We Like These Underlying Return On Capital Trends At Novatech Industries (EPA:MLNOV)
Jun 11There's Been No Shortage Of Growth Recently For Novatech Industries' (EPA:MLNOV) Returns On Capital
Feb 25Financial Position Analysis
Short Term Liabilities: MLNOV's short term assets (€51.8M) exceed its short term liabilities (€17.2M).
Long Term Liabilities: MLNOV's short term assets (€51.8M) exceed its long term liabilities (€27.9M).
Debt to Equity History and Analysis
Debt Level: MLNOV's net debt to equity ratio (5.4%) is considered satisfactory.
Reducing Debt: Insufficient data to determine if MLNOV's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: MLNOV's debt is well covered by operating cash flow (44%).
Interest Coverage: MLNOV's interest payments on its debt are well covered by EBIT (9.1x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/23 18:19 |
| End of Day Share Price | 2024/12/20 00:00 |
| Earnings | 2023/12/31 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Novatech Industries is covered by 0 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
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