Novus Properties Balance Sheet Health
Financial Health criteria checks 3/6
Novus Properties has a total shareholder equity of MUR164.4M and total debt of MUR59.2M, which brings its debt-to-equity ratio to 36%. Its total assets and total liabilities are MUR230.0M and MUR65.6M respectively. Novus Properties's EBIT is MUR14.0M making its interest coverage ratio 3.2. It has cash and short-term investments of MUR13.1M.
Key information
36.0%
Debt to equity ratio
MU₨59.17m
Debt
Interest coverage ratio | 3.2x |
Cash | MU₨13.10m |
Equity | MU₨164.42m |
Total liabilities | MU₨65.60m |
Total assets | MU₨230.01m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: NOV.I0000's short term assets (MUR17.3M) exceed its short term liabilities (MUR6.4M).
Long Term Liabilities: NOV.I0000's short term assets (MUR17.3M) do not cover its long term liabilities (MUR59.2M).
Debt to Equity History and Analysis
Debt Level: NOV.I0000's net debt to equity ratio (28%) is considered satisfactory.
Reducing Debt: NOV.I0000's debt to equity ratio has increased from 0% to 36% over the past 5 years.
Debt Coverage: NOV.I0000's debt is not well covered by operating cash flow (16.2%).
Interest Coverage: NOV.I0000's interest payments on its debt are well covered by EBIT (3.2x coverage).