Novavis Group Balance Sheet Health
Financial Health criteria checks 5/6
Novavis Group has a total shareholder equity of PLN9.7M and total debt of PLN20.0K, which brings its debt-to-equity ratio to 0.2%. Its total assets and total liabilities are PLN31.1M and PLN21.4M respectively. Novavis Group's EBIT is PLN13.0M making its interest coverage ratio 69.5. It has cash and short-term investments of PLN2.9M.
Key information
0.2%
Debt to equity ratio
zł20.00k
Debt
Interest coverage ratio | 69.5x |
Cash | zł2.88m |
Equity | zł9.67m |
Total liabilities | zł21.38m |
Total assets | zł31.05m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: NVG's short term assets (PLN10.8M) do not cover its short term liabilities (PLN21.3M).
Long Term Liabilities: NVG's short term assets (PLN10.8M) exceed its long term liabilities (PLN108.0K).
Debt to Equity History and Analysis
Debt Level: NVG has more cash than its total debt.
Reducing Debt: NVG had negative shareholder equity 5 years ago, but is now positive and has therefore improved.
Debt Coverage: NVG's debt is well covered by operating cash flow (32655%).
Interest Coverage: NVG's interest payments on its debt are well covered by EBIT (69.5x coverage).