Nova Eye Medical Limited

CHIA:EYE Stock Report

Market Cap: AU$35.5m

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 ration/a
CashAU$6.15m
EquityAU$21.33m
Total liabilitiesAU$8.55m
Total assetsAU$29.88m

Recent financial health updates

No updates

Recent updates

Financial 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.


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