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Nuvo Pharmaceuticals Balance Sheet Health
Financial Health criteria checks 1/6
Key information
1,149.7%
Debt to equity ratio
CA$97.55m
Debt
| Interest coverage ratio | 1.3x |
| Cash | CA$31.26m |
| Equity | CA$8.49m |
| Total liabilities | CA$118.77m |
| Total assets | CA$127.26m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 23N's short term assets (CA$51.8M) exceed its short term liabilities (CA$24.6M).
Long Term Liabilities: 23N's short term assets (CA$51.8M) do not cover its long term liabilities (CA$94.2M).
Debt to Equity History and Analysis
Debt Level: 23N's net debt to equity ratio (781.3%) is considered high.
Reducing Debt: 23N's debt to equity ratio has increased from 0% to 1149.7% over the past 5 years.
Debt Coverage: 23N's debt is not well covered by operating cash flow (15.9%).
Interest Coverage: 23N's interest payments on its debt are not well covered by EBIT (1.3x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2023/03/17 13:06 |
| End of Day Share Price | 2023/03/16 00:00 |
| Earnings | 2022/09/30 |
| Annual Earnings | 2021/12/31 |
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 here.
Analysis Model and Snowflake
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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 .
Analyst Sources
Nuvo Pharmaceuticals Inc. is covered by 6 analysts. 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 |
|---|---|
| David Martin | Bloom Burton & Co. |
| Mark Knapp | Clarus Securities Inc. |
| null null | Eight Capital |