Nova Leap Health Balance Sheet Health
Financial Health criteria checks 6/6
Nova Leap Health has a total shareholder equity of $18.2M and total debt of $208.2K, which brings its debt-to-equity ratio to 1.1%. Its total assets and total liabilities are $20.9M and $2.7M respectively. Nova Leap Health's EBIT is $460.2K making its interest coverage ratio 3.2. It has cash and short-term investments of $894.8K.
Key information
1.1%
Debt to equity ratio
US$208.24k
Debt
| Interest coverage ratio | 3.2x |
| Cash | US$894.77k |
| Equity | US$18.20m |
| Total liabilities | US$2.70m |
| Total assets | US$20.90m |
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. (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 ($2.8M) exceed its short term liabilities ($1.8M).
Long Term Liabilities: NLH's short term assets ($2.8M) exceed its long term liabilities ($914.1K).
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 68.3% to 1.1% over the past 5 years.
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: Whilst unprofitable NLH has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: NLH is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 38.9% per year.