This company has been acquired
Neovasc Balance Sheet Health
Financial Health criteria checks 5/6
Neovasc has a total shareholder equity of $15.8M and total debt of $12.6M, which brings its debt-to-equity ratio to 79.8%. Its total assets and total liabilities are $38.7M and $22.9M respectively.
Key information
79.8%
Debt to equity ratio
US$12.63m
Debt
| Interest coverage ratio | n/a |
| Cash | US$25.79m |
| Equity | US$15.84m |
| Total liabilities | US$22.89m |
| Total assets | US$38.73m |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: NVCN's short term assets ($29.8M) exceed its short term liabilities ($10.1M).
Long Term Liabilities: NVCN's short term assets ($29.8M) exceed its long term liabilities ($12.8M).
Debt to Equity History and Analysis
Debt Level: NVCN has more cash than its total debt.
Reducing Debt: NVCN had negative shareholder equity 5 years ago, but is now positive and has therefore improved.
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: NVCN has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: NVCN has less than a year of cash runway if free cash flow continues to grow at historical rates of 21.2% each year.