Nova Klúbburinn hf Balance Sheet Health
Financial Health criteria checks 3/6
Nova Klúbburinn hf has a total shareholder equity of ISK9.6B and total debt of ISK2.0B, which brings its debt-to-equity ratio to 21.1%. Its total assets and total liabilities are ISK23.7B and ISK14.2B respectively. Nova Klúbburinn hf's EBIT is ISK1.8B making its interest coverage ratio 2.1. It has cash and short-term investments of ISK848.2M.
Key information
21.1%
Debt to equity ratio
ISK 2.02b
Debt
| Interest coverage ratio | 2.1x |
| Cash | ISK 848.25m |
| Equity | ISK 9.57b |
| Total liabilities | ISK 14.15b |
| Total assets | ISK 23.72b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: NOVA's short term assets (ISK3.1B) exceed its short term liabilities (ISK2.7B).
Long Term Liabilities: NOVA's short term assets (ISK3.1B) do not cover its long term liabilities (ISK11.5B).
Debt to Equity History and Analysis
Debt Level: NOVA's net debt to equity ratio (12.3%) is considered satisfactory.
Reducing Debt: Insufficient data to determine if NOVA's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: NOVA's debt is well covered by operating cash flow (161.5%).
Interest Coverage: NOVA's interest payments on its debt are not well covered by EBIT (2.1x coverage).