Nova Leap Health Balance Sheet Health
Financial Health criteria checks 6/6
Nova Leap Health has a total shareholder equity of $18.4M and total debt of $172.6K, 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 $960.4K making its interest coverage ratio 12.9. It has cash and short-term investments of $1.4M.
Key information
0.9%
Debt to equity ratio
US$172.59k
Debt
| Interest coverage ratio | 12.9x |
| Cash | US$1.36m |
| Equity | US$18.39m |
| Total liabilities | US$2.65m |
| Total assets | US$21.04m |
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 ($3.3M) exceed its short term liabilities ($1.9M).
Long Term Liabilities: NLH's short term assets ($3.3M) exceed its long term liabilities ($754.3K).
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 60.5% to 0.9% 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 26.1% per year.