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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 ratio | 4.2x |
| Cash | US$1.31b |
| Equity | US$3.81b |
| Total liabilities | US$10.82b |
| Total assets | US$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).