Nova Balance Sheet Health
Financial Health criteria checks 5/6
Nova has a total shareholder equity of $842.6M and total debt of $198.3M, which brings its debt-to-equity ratio to 23.5%. Its total assets and total liabilities are $1.2B and $404.4M respectively. Nova's EBIT is $150.6M making its interest coverage ratio -6. It has cash and short-term investments of $537.8M.
Key information
23.5%
Debt to equity ratio
US$198.32m
Debt
| Interest coverage ratio | -6x |
| Cash | US$537.84m |
| Equity | US$842.61m |
| Total liabilities | US$404.39m |
| Total assets | US$1.25b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 0YAA's short term assets ($802.6M) exceed its short term liabilities ($346.4M).
Long Term Liabilities: 0YAA's short term assets ($802.6M) exceed its long term liabilities ($58.0M).
Debt to Equity History and Analysis
Debt Level: 0YAA has more cash than its total debt.
Reducing Debt: 0YAA's debt to equity ratio has increased from 0% to 23.5% over the past 5 years.
Debt Coverage: 0YAA's debt is well covered by operating cash flow (98.9%).
Interest Coverage: 0YAA earns more interest than it pays, so coverage of interest payments is not a concern.