NOVA Technology Balance Sheet Health
Financial Health criteria checks 6/6
NOVA Technology has a total shareholder equity of CN¥828.1M and total debt of CN¥9.9M, which brings its debt-to-equity ratio to 1.2%. Its total assets and total liabilities are CN¥981.3M and CN¥153.2M respectively. NOVA Technology's EBIT is CN¥11.1M making its interest coverage ratio -1.5. It has cash and short-term investments of CN¥645.0M.
Key information
1.2%
Debt to equity ratio
CN¥9.89m
Debt
| Interest coverage ratio | -1.5x |
| Cash | CN¥645.04m |
| Equity | CN¥828.09m |
| Total liabilities | CN¥153.16m |
| Total assets | CN¥981.26m |
Recent financial health updates
No updates
Recent updates
NOVA Technology's (SZSE:300921) Earnings Quality Is Low
May 01
NOVA Technology Corporation Limited's (SZSE:300921) Popularity With Investors Under Threat As Stock Sinks 26%
Apr 23There Are Reasons To Feel Uneasy About NOVA Technology's (SZSE:300921) Returns On Capital
Apr 01There's Reason For Concern Over NOVA Technology Corporation Limited's (SZSE:300921) Massive 25% Price Jump
Mar 04Financial Position Analysis
Short Term Liabilities: 300921's short term assets (CN¥864.7M) exceed its short term liabilities (CN¥133.4M).
Long Term Liabilities: 300921's short term assets (CN¥864.7M) exceed its long term liabilities (CN¥19.8M).
Debt to Equity History and Analysis
Debt Level: 300921 has more cash than its total debt.
Reducing Debt: 300921's debt to equity ratio has reduced from 4.5% to 1.2% over the past 5 years.
Debt Coverage: 300921's debt is well covered by operating cash flow (120.2%).
Interest Coverage: 300921 earns more interest than it pays, so coverage of interest payments is not a concern.