Kinovo Balance Sheet Health
Financial Health criteria checks 2/6
Kinovo has a total shareholder equity of £-652.0K and total debt of £177.0K, which brings its debt-to-equity ratio to -27.1%. Its total assets and total liabilities are £22.0M and £22.6M respectively. Kinovo's EBIT is £4.8M making its interest coverage ratio 28.3. It has cash and short-term investments of £1.3M.
Key information
-27.1%
Debt to equity ratio
UK£177.00k
Debt
| Interest coverage ratio | 28.3x |
| Cash | UK£1.32m |
| Equity | -UK£652.00k |
| Total liabilities | UK£22.61m |
| Total assets | UK£21.96m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: BILB.F has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: BILB.F has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.
Debt to Equity History and Analysis
Debt Level: BILB.F has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: BILB.F's has negative shareholder equity, so we do not need to check if its debt has reduced over time.
Debt Coverage: BILB.F's debt is well covered by operating cash flow (1546.9%).
Interest Coverage: BILB.F's interest payments on its debt are well covered by EBIT (28.3x coverage).