Novus Properties Balance Sheet Health
Financial Health criteria checks 3/6
Novus Properties has a total shareholder equity of MUR163.7M and total debt of MUR52.1M, which brings its debt-to-equity ratio to 31.8%. Its total assets and total liabilities are MUR228.7M and MUR65.0M respectively. Novus Properties's EBIT is MUR11.8M making its interest coverage ratio 2.7. It has cash and short-term investments of MUR8.3M.
Key information
31.8%
Debt to equity ratio
MU₨52.13m
Debt
| Interest coverage ratio | 2.7x |
| Cash | MU₨8.32m |
| Equity | MU₨163.69m |
| Total liabilities | MU₨65.00m |
| Total assets | MU₨228.70m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: NOV.I0000's short term assets (MUR12.2M) do not cover its short term liabilities (MUR12.9M).
Long Term Liabilities: NOV.I0000's short term assets (MUR12.2M) do not cover its long term liabilities (MUR52.1M).
Debt to Equity History and Analysis
Debt Level: NOV.I0000's net debt to equity ratio (26.8%) is considered satisfactory.
Reducing Debt: NOV.I0000's debt to equity ratio has reduced from 42.2% to 31.8% over the past 5 years.
Debt Coverage: NOV.I0000's debt is well covered by operating cash flow (20.2%).
Interest Coverage: NOV.I0000's interest payments on its debt are not well covered by EBIT (2.7x coverage).