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).