This company has been acquired
Nova Royalty Balance Sheet Health
Financial Health criteria checks 2/6
Nova Royalty has a total shareholder equity of CA$81.7M and total debt of CA$14.3M, which brings its debt-to-equity ratio to 17.5%. Its total assets and total liabilities are CA$99.5M and CA$17.9M respectively.
Key information
17.5%
Debt to equity ratio
CA$14.33m
Debt
| Interest coverage ratio | n/a |
| Cash | CA$820.18k |
| Equity | CA$81.66m |
| Total liabilities | CA$17.86m |
| Total assets | CA$99.52m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: NOVR's short term assets (CA$1.6M) do not cover its short term liabilities (CA$17.9M).
Long Term Liabilities: NOVR has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: NOVR's net debt to equity ratio (16.5%) is considered satisfactory.
Reducing Debt: Insufficient data to determine if NOVR's debt to equity ratio has reduced 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: NOVR has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: NOVR has less than a year of cash runway if free cash flow continues to reduce at historical rates of 7.2% each year