OVS Balance Sheet Health
Financial Health criteria checks 3/6
OVS has a total shareholder equity of €871.0M and total debt of €361.8M, which brings its debt-to-equity ratio to 41.5%. Its total assets and total liabilities are €2.9B and €2.0B respectively. OVS's EBIT is €140.4M making its interest coverage ratio 2.2. It has cash and short-term investments of €91.5M.
Key information
41.5%
Debt to equity ratio
€361.77m
Debt
| Interest coverage ratio | 2.2x |
| Cash | €91.55m |
| Equity | €871.01m |
| Total liabilities | €2.02b |
| Total assets | €2.89b |
Recent financial health updates
OVS (BIT:OVS) Takes On Some Risk With Its Use Of Debt
Nov 22
Does OVS (BIT:OVS) Have A Healthy Balance Sheet?
Jun 19OVS (BIT:OVS) Use Of Debt Could Be Considered Risky
Jul 24Recent updates
OVS (BIT:OVS) Takes On Some Risk With Its Use Of Debt
Nov 22We Think OVS' (BIT:OVS) Solid Earnings Are Understated
Oct 01What Does OVS S.p.A.'s (BIT:OVS) Share Price Indicate?
Aug 07Investors Still Aren't Entirely Convinced By OVS S.p.A.'s (BIT:OVS) Earnings Despite 27% Price Jump
Dec 18Is Now The Time To Look At Buying OVS S.p.A. (BIT:OVS)?
Jun 08OVS (BIT:OVS) May Have Issues Allocating Its Capital
Apr 20Why OVS S.p.A. (BIT:OVS) Could Be Worth Watching
Feb 02Investors Could Be Concerned With OVS' (BIT:OVS) Returns On Capital
Dec 03Calculating The Fair Value Of OVS S.p.A. (BIT:OVS)
Aug 05Does OVS (BIT:OVS) Have A Healthy Balance Sheet?
Jun 19A Look At The Fair Value Of OVS S.p.A. (BIT:OVS)
Apr 07OVS (BIT:OVS) Will Be Hoping To Turn Its Returns On Capital Around
Sep 22OVS (BIT:OVS) Use Of Debt Could Be Considered Risky
Jul 24Upgrade: Analysts Just Made A Notable Increase To Their OVS S.p.A. (BIT:OVS) Forecasts
Jun 23Downgrade: Here's How Analysts See OVS S.p.A. (BIT:OVS) Performing In The Near Term
Apr 20Is OVS' (BIT:OVS) Share Price Gain Of 126% Well Earned?
Mar 15How Many OVS S.p.A. (BIT:OVS) Shares Do Institutions Own?
Dec 12
Financial Position Analysis
Short Term Liabilities: OVS's short term assets (€735.7M) do not cover its short term liabilities (€821.7M).
Long Term Liabilities: OVS's short term assets (€735.7M) do not cover its long term liabilities (€1.2B).
Debt to Equity History and Analysis
Debt Level: OVS's net debt to equity ratio (31%) is considered satisfactory.
Reducing Debt: OVS's debt to equity ratio has reduced from 53.7% to 41.5% over the past 5 years.
Debt Coverage: OVS's debt is well covered by operating cash flow (82.3%).
Interest Coverage: OVS's interest payments on its debt are not well covered by EBIT (2.2x coverage).