Nova Eye Medical Balance Sheet Health
Financial Health criteria checks 4/6
Nova Eye Medical has a total shareholder equity of A$21.3M and total debt of A$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are A$29.9M and A$8.6M respectively.
Key information
0%
Debt to equity ratio
AU$0
Debt
| Interest coverage ratio | n/a |
| Cash | AU$6.15m |
| Equity | AU$21.33m |
| Total liabilities | AU$8.55m |
| Total assets | AU$29.88m |
Recent financial health updates
We're Not Very Worried About Nova Eye Medical's (ASX:EYE) Cash Burn Rate
Sep 03
Is Nova Eye Medical (ASX:EYE) In A Good Position To Invest In Growth?
Dec 16We Think Nova Eye Medical (ASX:EYE) Needs To Drive Business Growth Carefully
Aug 27Recent updates
Nova Eye Medical Limited (ASX:EYE) Might Not Be As Mispriced As It Looks After Plunging 26%
Sep 22Take Care Before Diving Into The Deep End On Nova Eye Medical Limited (ASX:EYE)
Aug 06Nova Eye Medical Limited (ASX:EYE) Soars 29% But It's A Story Of Risk Vs Reward
Apr 18Is There An Opportunity With Nova Eye Medical Limited's (ASX:EYE) 43% Undervaluation?
Mar 26News Flash: Analysts Just Made A Captivating Upgrade To Their Nova Eye Medical Limited (ASX:EYE) Forecasts
Jan 19Further Upside For Nova Eye Medical Limited (ASX:EYE) Shares Could Introduce Price Risks After 38% Bounce
Dec 27We're Not Very Worried About Nova Eye Medical's (ASX:EYE) Cash Burn Rate
Sep 03Improved Revenues Required Before Nova Eye Medical Limited (ASX:EYE) Stock's 43% Jump Looks Justified
Apr 17Is Nova Eye Medical (ASX:EYE) In A Good Position To Invest In Growth?
Dec 16We Think Nova Eye Medical (ASX:EYE) Needs To Drive Business Growth Carefully
Aug 27Financial Position Analysis
Short Term Liabilities: EYE's short term assets (A$14.7M) exceed its short term liabilities (A$5.7M).
Long Term Liabilities: EYE's short term assets (A$14.7M) exceed its long term liabilities (A$2.9M).
Debt to Equity History and Analysis
Debt Level: EYE is debt free.
Reducing Debt: EYE has no debt compared to 5 years ago when its debt to equity ratio was 21.7%.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: EYE has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: Insufficient data to determine if EYE has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.