Nova Klúbburinn hf Balance Sheet Health
Financial Health criteria checks 3/6
Nova Klúbburinn hf has a total shareholder equity of ISK9.4B and total debt of ISK2.1B, which brings its debt-to-equity ratio to 22.1%. Its total assets and total liabilities are ISK23.6B and ISK14.2B respectively. Nova Klúbburinn hf's EBIT is ISK1.8B making its interest coverage ratio 1.9. It has cash and short-term investments of ISK379.8M.
Key information
22.1%
Debt to equity ratio
Kr2.07b
Debt
Interest coverage ratio | 1.9x |
Cash | Kr379.82m |
Equity | Kr9.37b |
Total liabilities | Kr14.22b |
Total assets | Kr23.59b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: NOVA's short term assets (ISK3.0B) exceed its short term liabilities (ISK2.9B).
Long Term Liabilities: NOVA's short term assets (ISK3.0B) do not cover its long term liabilities (ISK11.3B).
Debt to Equity History and Analysis
Debt Level: NOVA's net debt to equity ratio (18%) 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 (165.6%).
Interest Coverage: NOVA's interest payments on its debt are not well covered by EBIT (1.9x coverage).