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Novelis Balance Sheet Health

Financial Health criteria checks 4/6

Novelis has a total shareholder equity of $3.8B and total debt of $5.6B, which brings its debt-to-equity ratio to 147.9%. Its total assets and total liabilities are $14.6B and $10.8B respectively. Novelis's EBIT is $1.2B making its interest coverage ratio 4.2. It has cash and short-term investments of $1.3B.

Key information

147.9%

Debt to equity ratio

US$5.64b

Debt

Interest coverage ratio4.2x
CashUS$1.31b
EquityUS$3.81b
Total liabilitiesUS$10.82b
Total assetsUS$14.63b

Recent financial health updates

No updates

Recent updates

Financial Position Analysis

Short Term Liabilities: NVL's short term assets ($5.9B) exceed its short term liabilities ($4.8B).

Long Term Liabilities: NVL's short term assets ($5.9B) do not cover its long term liabilities ($6.0B).


Debt to Equity History and Analysis

Debt Level: NVL's net debt to equity ratio (113.5%) is considered high.

Reducing Debt: NVL's debt to equity ratio has reduced from 409.3% to 147.9% over the past 5 years.

Debt Coverage: NVL's debt is well covered by operating cash flow (23.3%).

Interest Coverage: NVL's interest payments on its debt are well covered by EBIT (4.2x coverage).


Balance Sheet


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