Ovid Works Balance Sheet Health
Financial Health criteria checks 3/6
Ovid Works has a total shareholder equity of PLN437.0K and total debt of PLN1.0M, which brings its debt-to-equity ratio to 229.3%. Its total assets and total liabilities are PLN3.1M and PLN2.6M respectively.
Key information
229.3%
Debt to equity ratio
zł1.00m
Debt
Interest coverage ratio | n/a |
Cash | zł119.20k |
Equity | zł436.96k |
Total liabilities | zł2.63m |
Total assets | zł3.07m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: OVI's short term assets (PLN1.3M) do not cover its short term liabilities (PLN2.6M).
Long Term Liabilities: OVI has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: OVI's net debt to equity ratio (202%) is considered high.
Reducing Debt: Insufficient data to determine if OVI's debt to equity ratio has reduced over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable OVI has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: OVI is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 21.4% per year.