Novamarine Balance Sheet Health
Financial Health criteria checks 3/6
Novamarine has a total shareholder equity of €14.2M and total debt of €14.8M, which brings its debt-to-equity ratio to 103.9%. Its total assets and total liabilities are €45.3M and €31.1M respectively. Novamarine's EBIT is €3.7M making its interest coverage ratio 7.5. It has cash and short-term investments of €4.9M.
Key information
103.9%
Debt to equity ratio
€14.77m
Debt
| Interest coverage ratio | 7.5x |
| Cash | €4.86m |
| Equity | €14.22m |
| Total liabilities | €31.12m |
| Total assets | €45.34m |
Recent financial health updates
No updates
Recent updates
No updates
Financial Position Analysis
Short Term Liabilities: NOVA's short term assets (€26.0M) exceed its short term liabilities (€22.3M).
Long Term Liabilities: NOVA's short term assets (€26.0M) exceed its long term liabilities (€8.8M).
Debt to Equity History and Analysis
Debt Level: NOVA's net debt to equity ratio (69.7%) is considered high.
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 not well covered by operating cash flow (5%).
Interest Coverage: NOVA's interest payments on its debt are well covered by EBIT (7.5x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/30 09:47 |
| End of Day Share Price | 2024/12/30 00:00 |
| Earnings | 2024/06/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Novamarine S.p.A. is covered by 2 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Gian Guicciardi | Banca Finnat Euramerica SpA |
| Filippo Migliorisi | TPICAP Midcap |