OVS Balance Sheet Health

Financial Health criteria checks 3/6

OVS has a total shareholder equity of €897.7M and total debt of €335.8M, which brings its debt-to-equity ratio to 37.4%. Its total assets and total liabilities are €2.8B and €1.9B respectively. OVS's EBIT is €115.2M making its interest coverage ratio 2.3. It has cash and short-term investments of €81.8M.

Key information

37.4%

Debt to equity ratio

€335.79m

Debt

Interest coverage ratio2.3x
Cash€81.84m
Equity€897.70m
Total liabilities€1.91b
Total assets€2.80b

Recent financial health updates

Recent updates

Investors Still Aren't Entirely Convinced By OVS S.p.A.'s (BIT:OVS) Earnings Despite 27% Price Jump

Dec 18
Investors Still Aren't Entirely Convinced By OVS S.p.A.'s (BIT:OVS) Earnings Despite 27% Price Jump

Is Now The Time To Look At Buying OVS S.p.A. (BIT:OVS)?

Jun 08
Is Now The Time To Look At Buying OVS S.p.A. (BIT:OVS)?

OVS (BIT:OVS) May Have Issues Allocating Its Capital

Apr 20
OVS (BIT:OVS) May Have Issues Allocating Its Capital

Why OVS S.p.A. (BIT:OVS) Could Be Worth Watching

Feb 02
Why OVS S.p.A. (BIT:OVS) Could Be Worth Watching

Investors Could Be Concerned With OVS' (BIT:OVS) Returns On Capital

Dec 03
Investors Could Be Concerned With OVS' (BIT:OVS) Returns On Capital

Calculating The Fair Value Of OVS S.p.A. (BIT:OVS)

Aug 05
Calculating The Fair Value Of OVS S.p.A. (BIT:OVS)

Does OVS (BIT:OVS) Have A Healthy Balance Sheet?

Jun 19
Does OVS (BIT:OVS) Have A Healthy Balance Sheet?

A Look At The Fair Value Of OVS S.p.A. (BIT:OVS)

Apr 07
A Look At The Fair Value Of OVS S.p.A. (BIT:OVS)

OVS (BIT:OVS) Will Be Hoping To Turn Its Returns On Capital Around

Sep 22
OVS (BIT:OVS) Will Be Hoping To Turn Its Returns On Capital Around

OVS (BIT:OVS) Use Of Debt Could Be Considered Risky

Jul 24
OVS (BIT:OVS) Use Of Debt Could Be Considered Risky

Upgrade: Analysts Just Made A Notable Increase To Their OVS S.p.A. (BIT:OVS) Forecasts

Jun 23
Upgrade: Analysts Just Made A Notable Increase To Their OVS S.p.A. (BIT:OVS) Forecasts

Downgrade: Here's How Analysts See OVS S.p.A. (BIT:OVS) Performing In The Near Term

Apr 20
Downgrade: Here's How Analysts See OVS S.p.A. (BIT:OVS) Performing In The Near Term

Is OVS' (BIT:OVS) Share Price Gain Of 126% Well Earned?

Mar 15
Is OVS' (BIT:OVS) Share Price Gain Of 126% Well Earned?

How Many OVS S.p.A. (BIT:OVS) Shares Do Institutions Own?

Dec 12
How Many OVS S.p.A. (BIT:OVS) Shares Do Institutions Own?

Financial Position Analysis

Short Term Liabilities: OVS's short term assets (€719.3M) do not cover its short term liabilities (€751.1M).

Long Term Liabilities: OVS's short term assets (€719.3M) do not cover its long term liabilities (€1.2B).


Debt to Equity History and Analysis

Debt Level: OVS's net debt to equity ratio (28.3%) is considered satisfactory.

Reducing Debt: OVS's debt to equity ratio has reduced from 58.4% to 37.4% over the past 5 years.

Debt Coverage: OVS's debt is well covered by operating cash flow (73.9%).

Interest Coverage: OVS's interest payments on its debt are not well covered by EBIT (2.3x coverage).


Balance Sheet


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