Novotek Balance Sheet Health
Financial Health criteria checks 6/6
Novotek has a total shareholder equity of SEK211.0M and total debt of SEK0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are SEK403.2M and SEK192.2M respectively. Novotek's EBIT is SEK52.8M making its interest coverage ratio 197.7. It has cash and short-term investments of SEK109.1M.
Key information
0%
Debt to equity ratio
SEK 0
Debt
Interest coverage ratio | 197.7x |
Cash | SEK 109.10m |
Equity | SEK 211.00m |
Total liabilities | SEK 192.20m |
Total assets | SEK 403.20m |
Recent financial health updates
No updates
Recent updates
Shareholders Will Be Pleased With The Quality of Novotek's (STO:NTEK B) Earnings
Aug 24Novotek AB (STO:NTEK B) Stock Rockets 25% As Investors Are Less Pessimistic Than Expected
Mar 09Novotek (STO:NTEK B) Could Be Struggling To Allocate Capital
Nov 17Novotek (STO:NTEK B) Might Become A Compounding Machine
Oct 18Here's What Novotek's (STO:NTEK B) Strong Returns On Capital Mean
Mar 15Investors Shouldn't Overlook The Favourable Returns On Capital At Novotek (STO:NTEK B)
Nov 17Here's What Novotek's (STO:NTEK B) Strong Returns On Capital Mean
May 31Should Novotek AB (STO:NTEK B) Be Part Of Your Dividend Portfolio?
Mar 08A Look Into Novotek's (STO:NTEK B) Impressive Returns On Capital
Feb 15Are Strong Financial Prospects The Force That Is Driving The Momentum In Novotek AB's STO:NTEK B) Stock?
Jan 20We Think Novotek's (STO:NTEK B) Statutory Profit Might Understate Its Earnings Potential
Dec 31Novotek (STO:NTEK B) Has Gifted Shareholders With A Fantastic 205% Total Return On Their Investment
Dec 10Financial Position Analysis
Short Term Liabilities: NTEK B's short term assets (SEK227.0M) exceed its short term liabilities (SEK162.5M).
Long Term Liabilities: NTEK B's short term assets (SEK227.0M) exceed its long term liabilities (SEK29.7M).
Debt to Equity History and Analysis
Debt Level: NTEK B is debt free.
Reducing Debt: NTEK B has not had any debt for past 5 years.
Debt Coverage: NTEK B has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: NTEK B has no debt, therefore coverage of interest payments is not a concern.