Innovatec Balance Sheet Health
Financial Health criteria checks 1/6
Innovatec has a total shareholder equity of €51.9M and total debt of €64.2M, which brings its debt-to-equity ratio to 123.6%. Its total assets and total liabilities are €308.5M and €256.5M respectively. Innovatec's EBIT is €13.8M making its interest coverage ratio 2.4. It has cash and short-term investments of €12.3M.
Key information
123.6%
Debt to equity ratio
€64.18m
Debt
| Interest coverage ratio | 2.4x |
| Cash | €12.25m |
| Equity | €51.94m |
| Total liabilities | €256.52m |
| Total assets | €308.46m |
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
Market Cool On Innovatec S.p.A.'s (BIT:INC) Revenues
Sep 13Innovatec (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 (€120.3M) do not cover its short term liabilities (€124.5M).
Long Term Liabilities: INC's short term assets (€120.3M) do not cover its long term liabilities (€132.0M).
Debt to Equity History and Analysis
Debt Level: INC's net debt to equity ratio (100%) is considered high.
Reducing Debt: INC's debt to equity ratio has increased from 59.1% to 123.6% over the past 5 years.
Debt Coverage: INC's debt is well covered by operating cash flow (28.8%).
Interest Coverage: INC's interest payments on its debt are not well covered by EBIT (2.4x coverage).