Novoray Balance Sheet Health
Financial Health criteria checks 6/6
Novoray has a total shareholder equity of CN¥1.4B and total debt of CN¥95.5M, which brings its debt-to-equity ratio to 6.6%. Its total assets and total liabilities are CN¥1.9B and CN¥477.5M respectively. Novoray's EBIT is CN¥241.9M making its interest coverage ratio -16.4. It has cash and short-term investments of CN¥420.8M.
Key information
6.6%
Debt to equity ratio
CN¥95.54m
Debt
| Interest coverage ratio | -16.4x |
| Cash | CN¥420.81m |
| Equity | CN¥1.44b |
| Total liabilities | CN¥477.46m |
| Total assets | CN¥1.92b |
Recent financial health updates
These 4 Measures Indicate That Novoray (SHSE:688300) Is Using Debt Safely
Feb 07
These 4 Measures Indicate That Novoray (SHSE:688300) Is Using Debt Safely
Oct 16Does Novoray (SHSE:688300) Have A Healthy Balance Sheet?
Apr 23Recent updates
These 4 Measures Indicate That Novoray (SHSE:688300) Is Using Debt Safely
Feb 07Novoray (SHSE:688300) Is Reinvesting At Lower Rates Of Return
Jan 24Is There Now An Opportunity In Novoray Corporation (SHSE:688300)?
Jan 09Novoray Corporation's (SHSE:688300) Shares Climb 31% But Its Business Is Yet to Catch Up
Dec 26Is Now The Time To Put Novoray (SHSE:688300) On Your Watchlist?
Nov 29Market Participants Recognise Novoray Corporation's (SHSE:688300) Earnings Pushing Shares 34% Higher
Oct 18These 4 Measures Indicate That Novoray (SHSE:688300) Is Using Debt Safely
Oct 16What Does Novoray Corporation's (SHSE:688300) Share Price Indicate?
Sep 26If EPS Growth Is Important To You, Novoray (SHSE:688300) Presents An Opportunity
Aug 20Novoray's (SHSE:688300) Returns On Capital Not Reflecting Well On The Business
Jul 29What Novoray Corporation's (SHSE:688300) P/E Is Not Telling You
Jul 13Why Novoray Corporation (SHSE:688300) Could Be Worth Watching
Jun 19If EPS Growth Is Important To You, Novoray (SHSE:688300) Presents An Opportunity
May 13Does Novoray (SHSE:688300) Have A Healthy Balance Sheet?
Apr 23Novoray's (SHSE:688300) Sluggish Earnings Might Be Just The Beginning Of Its Problems
Apr 01Earnings Miss: Novoray Corporation Missed EPS By 8.5% And Analysts Are Revising Their Forecasts
Mar 28Subdued Growth No Barrier To Novoray Corporation (SHSE:688300) With Shares Advancing 28%
Mar 01When Should You Buy Novoray Corporation (SHSE:688300)?
Feb 27Financial Position Analysis
Short Term Liabilities: 688300's short term assets (CN¥1.0B) exceed its short term liabilities (CN¥316.5M).
Long Term Liabilities: 688300's short term assets (CN¥1.0B) exceed its long term liabilities (CN¥161.0M).
Debt to Equity History and Analysis
Debt Level: 688300 has more cash than its total debt.
Reducing Debt: 688300's debt to equity ratio has reduced from 7.8% to 6.6% over the past 5 years.
Debt Coverage: 688300's debt is well covered by operating cash flow (259.6%).
Interest Coverage: 688300 earns more interest than it pays, so coverage of interest payments is not a concern.
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/02/06 03:27 |
| End of Day Share Price | 2025/02/06 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Novoray Corporation is covered by 7 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Zheng Zhou | China Merchants Securities Co. Ltd. |
| Chao Li | Citic Securities Co., Ltd. |
| Zhaohua Wang | Everbright Securities Co. Ltd. |