Novacyt Balance Sheet Health
Financial Health criteria checks 6/6
Novacyt has a total shareholder equity of £107.3M and total debt of £0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are £132.1M and £24.8M respectively.
Key information
0%
Debt to equity ratio
UK£0
Debt
Interest coverage ratio | n/a |
Cash | UK£81.74m |
Equity | UK£107.31m |
Total liabilities | UK£24.84m |
Total assets | UK£132.15m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: NCYT's short term assets (£119.9M) exceed its short term liabilities (£23.6M).
Long Term Liabilities: NCYT's short term assets (£119.9M) exceed its long term liabilities (£1.3M).
Debt to Equity History and Analysis
Debt Level: NCYT is debt free.
Reducing Debt: NCYT has no debt compared to 5 years ago when its debt to equity ratio was 27.4%.
Debt Coverage: NCYT has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: NCYT has no debt, therefore coverage of interest payments is not a concern.