Nova Minerals Balance Sheet Health

Financial Health criteria checks 2/6

Nova Minerals has a total shareholder equity of A$102.7M and total debt of A$6.7M, which brings its debt-to-equity ratio to 6.5%. Its total assets and total liabilities are A$110.7M and A$7.9M respectively.

Key information

6.5%

Debt to equity ratio

AU$6.69m

Debt

Interest coverage ration/a
CashAU$6.23m
EquityAU$102.75m
Total liabilitiesAU$7.95m
Total assetsAU$110.70m

Recent financial health updates

Recent updates

Is Nova Minerals (ASX:NVA) Using Too Much Debt?

Mar 07
Is Nova Minerals (ASX:NVA) Using Too Much Debt?

Is Nova Minerals (ASX:NVA) Using Debt In A Risky Way?

Oct 12
Is Nova Minerals (ASX:NVA) Using Debt In A Risky Way?

Is Nova Minerals (ASX:NVA) Using Debt In A Risky Way?

Mar 11
Is Nova Minerals (ASX:NVA) Using Debt In A Risky Way?

Is Nova Minerals (ASX:NVA) In A Good Position To Deliver On Growth Plans?

Aug 10
Is Nova Minerals (ASX:NVA) In A Good Position To Deliver On Growth Plans?

Financial Position Analysis

Short Term Liabilities: NVA's short term assets (A$6.6M) do not cover its short term liabilities (A$7.9M).

Long Term Liabilities: NVA has no long term liabilities.


Debt to Equity History and Analysis

Debt Level: NVA's net debt to equity ratio (0.4%) is considered satisfactory.

Reducing Debt: NVA's debt to equity ratio has increased from 0% to 6.5% over the past 5 years.

Debt Coverage: NVA's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: Insufficient data to determine if NVA's interest payments on its debt are well covered by EBIT.


Balance Sheet


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