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).