NowVertical Group Balance Sheet Health
Financial Health criteria checks 2/6
NowVertical Group has a total shareholder equity of $839.4K and total debt of $14.8M, which brings its debt-to-equity ratio to 1768.9%. Its total assets and total liabilities are $42.2M and $41.4M respectively. NowVertical Group's EBIT is $2.6M making its interest coverage ratio 1.2. It has cash and short-term investments of $3.3M.
Key information
1,768.9%
Debt to equity ratio
US$14.85m
Debt
| Interest coverage ratio | 1.2x |
| Cash | US$3.32m |
| Equity | US$839.38k |
| Total liabilities | US$41.37m |
| Total assets | US$42.21m |
Recent financial health updates
Recent updates
Improved Revenues Required Before NowVertical Group Inc. (CVE:NOW) Stock's 111% Jump Looks Justified
Nov 17
NowVertical Group Inc. (CVE:NOW) Held Back By Insufficient Growth Even After Shares Climb 111%
Nov 17NowVertical Group (CVE:NOW) Seems To Be Using A Lot Of Debt
Aug 17NowVertical Group Inc. (CVE:NOW) Might Not Be As Mispriced As It Looks After Plunging 27%
Mar 01Financial Position Analysis
Short Term Liabilities: NOW's short term assets ($15.7M) do not cover its short term liabilities ($23.1M).
Long Term Liabilities: NOW's short term assets ($15.7M) do not cover its long term liabilities ($18.3M).
Debt to Equity History and Analysis
Debt Level: NOW's net debt to equity ratio (1372.8%) is considered high.
Reducing Debt: Insufficient data to determine if NOW'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: Whilst unprofitable NOW has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: NOW is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 5.8% per year.