Novem Group Balance Sheet Health
Financial Health criteria checks 4/6
Novem Group has a total shareholder equity of €119.0M and total debt of €249.4M, which brings its debt-to-equity ratio to 209.6%. Its total assets and total liabilities are €638.1M and €519.1M respectively. Novem Group's EBIT is €95.5M making its interest coverage ratio 72.7. It has cash and short-term investments of €169.9M.
Key information
209.6%
Debt to equity ratio
€249.40m
Debt
Interest coverage ratio | 72.7x |
Cash | €169.90m |
Equity | €119.00m |
Total liabilities | €519.10m |
Total assets | €638.10m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: NVMD's short term assets (€388.6M) exceed its short term liabilities (€207.8M).
Long Term Liabilities: NVMD's short term assets (€388.6M) exceed its long term liabilities (€311.3M).
Debt to Equity History and Analysis
Debt Level: NVMD's net debt to equity ratio (66.8%) is considered high.
Reducing Debt: Insufficient data to determine if NVMD's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: NVMD's debt is well covered by operating cash flow (45%).
Interest Coverage: NVMD's interest payments on its debt are well covered by EBIT (72.7x coverage).