Innovatec Balance Sheet Health
Financial Health criteria checks 3/6
Innovatec has a total shareholder equity of €43.5M and total debt of €69.2M, which brings its debt-to-equity ratio to 159%. Its total assets and total liabilities are €272.2M and €228.6M respectively. Innovatec's EBIT is €8.9M making its interest coverage ratio 3. It has cash and short-term investments of €22.0M.
Key information
159.0%
Debt to equity ratio
€69.22m
Debt
| Interest coverage ratio | 3x |
| Cash | €21.95m |
| Equity | €43.53m |
| Total liabilities | €228.62m |
| Total assets | €272.15m |
Recent financial health updates
Innovatec (BIT:INC) Has A Somewhat Strained Balance Sheet
Nov 21
Innovatec (BIT:INC) Has A Rock Solid Balance Sheet
Dec 10Does Innovatec (BIT:INC) Have A Healthy Balance Sheet?
Apr 12Recent updates
Innovatec (BIT:INC) Has A Somewhat Strained Balance Sheet
Nov 21These Analysts Just Made A Huge Downgrade To Their Innovatec S.p.A. (BIT:INC) EPS Forecasts
Sep 29When Should You Buy Innovatec S.p.A. (BIT:INC)?
Sep 03News Flash: 3 Analysts Think Innovatec S.p.A. (BIT:INC) Earnings Are Under Threat
Aug 07Is Innovatec S.p.A. (BIT:INC) Trading At A 26% Discount?
Nov 09At €2.14, Is It Time To Put Innovatec S.p.A. (BIT:INC) On Your Watch List?
May 17Innovatec (BIT:INC) Has A Rock Solid Balance Sheet
Dec 10Innovatec (BIT:INC) Shareholders Will Want The ROCE Trajectory To Continue
May 09Does Innovatec (BIT:INC) Have A Healthy Balance Sheet?
Apr 12The Innovatec (BIT:INC) Share Price Has Gained 197%, So Why Not Pay It Some Attention?
Mar 15Will Innovatec's (BIT:INC) Growth In ROCE Persist?
Jan 09Are Innovatec's (BIT:INC) Statutory Earnings A Good Reflection Of Its Earnings Potential?
Nov 23Financial Position Analysis
Short Term Liabilities: INC's short term assets (€139.1M) exceed its short term liabilities (€121.6M).
Long Term Liabilities: INC's short term assets (€139.1M) exceed its long term liabilities (€107.0M).
Debt to Equity History and Analysis
Debt Level: INC's net debt to equity ratio (108.6%) is considered high.
Reducing Debt: INC had negative shareholder equity 5 years ago, but is now positive and has therefore improved.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Insufficient data to determine if INC has enough cash runway based on its current free cash flow.
Forecast Cash Runway: Insufficient data to determine if INC has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.