Novo Resources Balance Sheet Health
Financial Health criteria checks 3/6
Novo Resources has a total shareholder equity of CA$74.6M and total debt of CA$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are CA$96.0M and CA$21.3M respectively.
Key information
0%
Debt to equity ratio
CA$0
Debt
| Interest coverage ratio | n/a |
| Cash | CA$6.29m |
| Equity | CA$74.61m |
| Total liabilities | CA$21.34m |
| Total assets | CA$95.95m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: NVO's short term assets (CA$7.4M) exceed its short term liabilities (CA$6.8M).
Long Term Liabilities: NVO's short term assets (CA$7.4M) do not cover its long term liabilities (CA$14.5M).
Debt to Equity History and Analysis
Debt Level: NVO is debt free.
Reducing Debt: NVO had no debt 5 years ago.
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 6.8% each year