Nova Leap Health Balance Sheet Health
Financial Health criteria checks 6/6
Nova Leap Health has a total shareholder equity of $18.3M and total debt of $169.0K, which brings its debt-to-equity ratio to 0.9%. Its total assets and total liabilities are $21.0M and $2.7M respectively. Nova Leap Health's EBIT is $960.8K making its interest coverage ratio 10.1. It has cash and short-term investments of $1.2M.
Key information
0.9%
Debt to equity ratio
US$168.97k
Debt
| Interest coverage ratio | 10.1x |
| Cash | US$1.17m |
| Equity | US$18.33m |
| Total liabilities | US$2.65m |
| Total assets | US$20.98m |
Recent financial health updates
Does Nova Leap Health (CVE:NLH) Have A Healthy Balance Sheet?
Feb 22
Nova Leap Health (CVE:NLH) Is Carrying A Fair Bit Of Debt
May 14Recent updates
Nova Leap Health Corp.'s (CVE:NLH) 35% Share Price Surge Not Quite Adding Up
Oct 31Risks Still Elevated At These Prices As Nova Leap Health Corp. (CVE:NLH) Shares Dive 27%
Sep 12Nova Leap Health Corp.'s (CVE:NLH) 33% Price Boost Is Out Of Tune With Revenues
Jun 08Should Shareholders Reconsider Nova Leap Health Corp.'s (CVE:NLH) CEO Compensation Package?
May 31Nova Leap Health Corp. (CVE:NLH) Looks Just Right With A 28% Price Jump
Mar 23Market Participants Recognise Nova Leap Health Corp.'s (CVE:NLH) Revenues
Jan 06Nova Leap Health Corp. (CVE:NLH) Investors Are Less Pessimistic Than Expected
Jul 29Does Nova Leap Health (CVE:NLH) Have A Healthy Balance Sheet?
Feb 22Calculating The Intrinsic Value Of Nova Leap Health Corp. (CVE:NLH)
Aug 17Nova Leap Health (CVE:NLH) Is Carrying A Fair Bit Of Debt
May 14Estimating The Intrinsic Value Of Nova Leap Health Corp. (CVE:NLH)
Oct 22Nova Leap Health (CVE:NLH) Strong Profits May Be Masking Some Underlying Issues
Mar 18Financial Position Analysis
Short Term Liabilities: NLH's short term assets ($3.1M) exceed its short term liabilities ($1.8M).
Long Term Liabilities: NLH's short term assets ($3.1M) exceed its long term liabilities ($819.8K).
Debt to Equity History and Analysis
Debt Level: NLH has more cash than its total debt.
Reducing Debt: NLH's debt to equity ratio has reduced from 63% to 0.9% over the past 5 years.
Debt Coverage: NLH's debt is well covered by operating cash flow (1158.6%).
Interest Coverage: NLH's interest payments on its debt are well covered by EBIT (10.1x coverage).