Novoray Balance Sheet Health
Financial Health criteria checks 5/6
Novoray has a total shareholder equity of CN¥1.4B and total debt of CN¥118.6M, which brings its debt-to-equity ratio to 8.6%. Its total assets and total liabilities are CN¥1.8B and CN¥453.5M respectively. Novoray's EBIT is CN¥216.1M making its interest coverage ratio -15.9. It has cash and short-term investments of CN¥554.2M.
Key information
8.6%
Debt to equity ratio
CN¥118.64m
Debt
Interest coverage ratio | -15.9x |
Cash | CN¥554.20m |
Equity | CN¥1.37b |
Total liabilities | CN¥453.50m |
Total assets | CN¥1.83b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 688300's short term assets (CN¥989.1M) exceed its short term liabilities (CN¥301.8M).
Long Term Liabilities: 688300's short term assets (CN¥989.1M) exceed its long term liabilities (CN¥151.8M).
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 increased from 8.2% to 8.6% over the past 5 years.
Debt Coverage: 688300's debt is well covered by operating cash flow (199%).
Interest Coverage: 688300 earns more interest than it pays, so coverage of interest payments is not a concern.