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¥89.3M, which brings its debt-to-equity ratio to 6.4%. Its total assets and total liabilities are CN¥1.8B and CN¥389.1M respectively. Novoray's EBIT is CN¥192.2M making its interest coverage ratio -13.1. It has cash and short-term investments of CN¥378.9M.
Key information
6.4%
Debt to equity ratio
CN¥89.27m
Debt
| Interest coverage ratio | -13.1x |
| Cash | CN¥378.87m |
| Equity | CN¥1.40b |
| Total liabilities | CN¥389.08m |
| Total assets | CN¥1.79b |
Recent financial health updates
Recent updates
Why Novoray Corporation (SHSE:688300) Could Be Worth Watching
Jun 19
If 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¥977.3M) exceed its short term liabilities (CN¥236.0M).
Long Term Liabilities: 688300's short term assets (CN¥977.3M) exceed its long term liabilities (CN¥153.1M).
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 8.7% to 6.4% over the past 5 years.
Debt Coverage: 688300's debt is well covered by operating cash flow (211.7%).
Interest Coverage: 688300 earns more interest than it pays, so coverage of interest payments is not a concern.