Nova Agritech Balance Sheet Health
Financial Health criteria checks 5/6
Nova Agritech has a total shareholder equity of ₹2.0B and total debt of ₹562.6M, which brings its debt-to-equity ratio to 27.6%. Its total assets and total liabilities are ₹3.0B and ₹955.3M respectively. Nova Agritech's EBIT is ₹418.5M making its interest coverage ratio 6.3. It has cash and short-term investments of ₹488.0M.
Key information
27.6%
Debt to equity ratio
₹562.58m
Debt
| Interest coverage ratio | 6.3x |
| Cash | ₹488.02m |
| Equity | ₹2.04b |
| Total liabilities | ₹955.31m |
| Total assets | ₹3.00b |
Recent financial health updates
Recent updates
Concerns Surrounding Nova Agritech's (NSE:NOVAAGRI) Performance
Nov 16
The Market Lifts Nova Agritech Limited (NSE:NOVAAGRI) Shares 36% But It Can Do More
Jul 26These 4 Measures Indicate That Nova Agritech (NSE:NOVAAGRI) Is Using Debt Reasonably Well
Jul 25Investors Still Aren't Entirely Convinced By Nova Agritech Limited's (NSE:NOVAAGRI) Earnings Despite 27% Price Jump
Jun 11Financial Position Analysis
Short Term Liabilities: NOVAAGRI's short term assets (₹2.7B) exceed its short term liabilities (₹870.2M).
Long Term Liabilities: NOVAAGRI's short term assets (₹2.7B) exceed its long term liabilities (₹85.1M).
Debt to Equity History and Analysis
Debt Level: NOVAAGRI's net debt to equity ratio (3.7%) is considered satisfactory.
Reducing Debt: NOVAAGRI's debt to equity ratio has reduced from 154.1% to 27.6% over the past 5 years.
Debt Coverage: NOVAAGRI's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: NOVAAGRI's interest payments on its debt are well covered by EBIT (6.3x coverage).