Novacyt Balance Sheet Health
Financial Health criteria checks 6/6
Novacyt has a total shareholder equity of £87.2M and total debt of £0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are £133.8M and £46.6M respectively.
Key information
0%
Debt to equity ratio
UK£0
Debt
| Interest coverage ratio | n/a |
| Cash | UK£44.06m |
| Equity | UK£87.24m |
| Total liabilities | UK£46.57m |
| Total assets | UK£133.82m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: NVYT.F's short term assets (£86.4M) exceed its short term liabilities (£29.6M).
Long Term Liabilities: NVYT.F's short term assets (£86.4M) exceed its long term liabilities (£17.0M).
Debt to Equity History and Analysis
Debt Level: NVYT.F is debt free.
Reducing Debt: NVYT.F has no debt compared to 5 years ago when its debt to equity ratio was 26.7%.
Debt Coverage: NVYT.F has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: NVYT.F has no debt, therefore coverage of interest payments is not a concern.