Novo Resources Balance Sheet Health
Financial Health criteria checks 4/6
Novo Resources has a total shareholder equity of CA$85.6M and total debt of CA$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are CA$105.3M and CA$19.7M respectively.
Key information
0%
Debt to equity ratio
CA$0
Debt
Interest coverage ratio | n/a |
Cash | CA$14.77m |
Equity | CA$85.60m |
Total liabilities | CA$19.68m |
Total assets | CA$105.28m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: NVO's short term assets (CA$16.7M) exceed its short term liabilities (CA$6.1M).
Long Term Liabilities: NVO's short term assets (CA$16.7M) exceed its long term liabilities (CA$13.5M).
Debt to Equity History and Analysis
Debt Level: NVO is debt free.
Reducing Debt: NVO has no debt compared to 5 years ago when its debt to equity ratio was 0.2%.
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: NVO has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: NVO has less than a year of cash runway if free cash flow continues to reduce at historical rates of 12.9% each year