Ovostar Union Balance Sheet Health
Financial Health criteria checks 6/6
Ovostar Union has a total shareholder equity of $112.9M and total debt of $2.5M, which brings its debt-to-equity ratio to 2.2%. Its total assets and total liabilities are $125.5M and $12.6M respectively. Ovostar Union's EBIT is $73.4M making its interest coverage ratio -109.7. It has cash and short-term investments of $58.5M.
Key information
2.2%
Debt to equity ratio
US$2.46m
Debt
| Interest coverage ratio | -109.7x |
| Cash | US$58.53m |
| Equity | US$112.93m |
| Total liabilities | US$12.62m |
| Total assets | US$125.55m |
Recent financial health updates
Does Ovostar Union (WSE:OVO) Have A Healthy Balance Sheet?
Dec 12
Ovostar Union (WSE:OVO) Could Easily Take On More Debt
Sep 08Is Ovostar Union (WSE:OVO) Using Too Much Debt?
Sep 20Is Ovostar Union (WSE:OVO) Using Too Much Debt?
Jun 08Is Ovostar Union (WSE:OVO) A Risky Investment?
Dec 23
Recent updates
Does Ovostar Union (WSE:OVO) Have A Healthy Balance Sheet?
Dec 12Ovostar Union (WSE:OVO) Could Easily Take On More Debt
Sep 08Ovostar Union (WSE:OVO) Is Investing Its Capital With Increasing Efficiency
Jul 11Is Ovostar Union (WSE:OVO) Using Too Much Debt?
Sep 20These Return Metrics Don't Make Ovostar Union (WSE:OVO) Look Too Strong
Oct 23Is Ovostar Union (WSE:OVO) Using Too Much Debt?
Jun 08A Look At Ovostar Union's (WSE:OVO) Share Price Returns
Mar 18Something To Consider Before Buying Ovostar Union Public Company Limited (WSE:OVO) For The 4.7% Dividend
Feb 19Is Ovostar Union (WSE:OVO) Set To Make A Turnaround?
Jan 19Is Ovostar Union (WSE:OVO) A Risky Investment?
Dec 23A Look At Ovostar Union's (WSE:OVO) Share Price Returns
Nov 23Financial Position Analysis
Short Term Liabilities: OVO's short term assets ($88.9M) exceed its short term liabilities ($10.7M).
Long Term Liabilities: OVO's short term assets ($88.9M) exceed its long term liabilities ($1.9M).
Debt to Equity History and Analysis
Debt Level: OVO has more cash than its total debt.
Reducing Debt: OVO's debt to equity ratio has reduced from 9.5% to 2.2% over the past 5 years.
Debt Coverage: OVO's debt is well covered by operating cash flow (3086.4%).
Interest Coverage: OVO earns more interest than it pays, so coverage of interest payments is not a concern.