Nova Balance Sheet Health
Financial Health criteria checks 5/6
Nova has a total shareholder equity of $750.8M and total debt of $197.7M, which brings its debt-to-equity ratio to 26.3%. Its total assets and total liabilities are $1.1B and $383.1M respectively. Nova's EBIT is $132.3M making its interest coverage ratio -6.2. It has cash and short-term investments of $443.7M.
Key information
26.3%
Debt to equity ratio
US$197.68m
Debt
Interest coverage ratio | -6.2x |
Cash | US$443.68m |
Equity | US$750.75m |
Total liabilities | US$383.06m |
Total assets | US$1.13b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: NVMI's short term assets ($710.2M) exceed its short term liabilities ($322.8M).
Long Term Liabilities: NVMI's short term assets ($710.2M) exceed its long term liabilities ($60.2M).
Debt to Equity History and Analysis
Debt Level: NVMI has more cash than its total debt.
Reducing Debt: NVMI's debt to equity ratio has increased from 0% to 26.3% over the past 5 years.
Debt Coverage: NVMI's debt is well covered by operating cash flow (62.5%).
Interest Coverage: NVMI earns more interest than it pays, so coverage of interest payments is not a concern.