Novotek AB

OM:NTEK B Stock Report

Market Cap: SEK 706.0m

Novotek Balance Sheet Health

Financial Health criteria checks 5/6

Novotek has a total shareholder equity of SEK190.8M and total debt of SEK12.8M, which brings its debt-to-equity ratio to 6.7%. Its total assets and total liabilities are SEK537.2M and SEK346.4M respectively. Novotek's EBIT is SEK66.7M making its interest coverage ratio 249.8. It has cash and short-term investments of SEK109.2M.

Key information

6.7%

Debt to equity ratio

SEK 12.80m

Debt

Interest coverage ratio249.8x
CashSEK 109.20m
EquitySEK 190.80m
Total liabilitiesSEK 346.40m
Total assetsSEK 537.20m

Recent financial health updates

No updates

Recent updates

Novotek AB's (STO:NTEK B) Low P/E No Reason For Excitement

Nov 12
Novotek AB's (STO:NTEK B) Low P/E No Reason For Excitement

Shareholders Will Be Pleased With The Quality of Novotek's (STO:NTEK B) Earnings

Aug 24
Shareholders Will Be Pleased With The Quality of Novotek's (STO:NTEK B) Earnings

Novotek AB (STO:NTEK B) Stock Rockets 25% As Investors Are Less Pessimistic Than Expected

Mar 09
Novotek AB (STO:NTEK B) Stock Rockets 25% As Investors Are Less Pessimistic Than Expected

Novotek (STO:NTEK B) Could Be Struggling To Allocate Capital

Nov 17
Novotek (STO:NTEK B) Could Be Struggling To Allocate Capital

Novotek (STO:NTEK B) Might Become A Compounding Machine

Oct 18
Novotek (STO:NTEK B) Might Become A Compounding Machine

Here's What Novotek's (STO:NTEK B) Strong Returns On Capital Mean

Mar 15
Here's What Novotek's (STO:NTEK B) Strong Returns On Capital Mean

Investors Shouldn't Overlook The Favourable Returns On Capital At Novotek (STO:NTEK B)

Nov 17
Investors Shouldn't Overlook The Favourable Returns On Capital At Novotek (STO:NTEK B)

Here's What Novotek's (STO:NTEK B) Strong Returns On Capital Mean

May 31
Here's What Novotek's (STO:NTEK B) Strong Returns On Capital Mean

Should Novotek AB (STO:NTEK B) Be Part Of Your Dividend Portfolio?

Mar 08
Should Novotek AB (STO:NTEK B) Be Part Of Your Dividend Portfolio?

A Look Into Novotek's (STO:NTEK B) Impressive Returns On Capital

Feb 15
A Look Into Novotek's (STO:NTEK B) Impressive Returns On Capital

Are Strong Financial Prospects The Force That Is Driving The Momentum In Novotek AB's STO:NTEK B) Stock?

Jan 20
Are Strong Financial Prospects The Force That Is Driving The Momentum In Novotek AB's STO:NTEK B) Stock?

We Think Novotek's (STO:NTEK B) Statutory Profit Might Understate Its Earnings Potential

Dec 31
We Think Novotek's (STO:NTEK B) Statutory Profit Might Understate Its Earnings Potential

Novotek (STO:NTEK B) Has Gifted Shareholders With A Fantastic 205% Total Return On Their Investment

Dec 10
Novotek (STO:NTEK B) Has Gifted Shareholders With A Fantastic 205% Total Return On Their Investment

Financial Position Analysis

Short Term Liabilities: NTEK B's short term assets (SEK319.2M) exceed its short term liabilities (SEK274.8M).

Long Term Liabilities: NTEK B's short term assets (SEK319.2M) exceed its long term liabilities (SEK71.6M).

Debt to Equity History and Analysis

Debt Level: NTEK B has more cash than its total debt.

Reducing Debt: NTEK B's debt to equity ratio has increased from 0% to 6.7% over the past 5 years.

Debt Coverage: NTEK B's debt is well covered by operating cash flow (485.1%).

Interest Coverage: NTEK B's interest payments on its debt are well covered by EBIT (249.8x coverage).

Balance Sheet

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