Nova Agritech Balance Sheet Health
Financial Health criteria checks 5/6
Nova Agritech has a total shareholder equity of ₹1.9B and total debt of ₹612.0M, which brings its debt-to-equity ratio to 31.7%. Its total assets and total liabilities are ₹3.0B and ₹1.0B respectively. Nova Agritech's EBIT is ₹412.9M making its interest coverage ratio 5.1. It has cash and short-term investments of ₹854.6M.
Key information
31.7%
Debt to equity ratio
₹612.01m
Debt
| Interest coverage ratio | 5.1x |
| Cash | ₹854.59m |
| Equity | ₹1.93b |
| Total liabilities | ₹1.05b |
| Total assets | ₹2.98b |
Recent financial health updates
Recent updates
The Market Lifts Nova Agritech Limited (NSE:NOVAAGRI) Shares 36% But It Can Do More
Jul 26
These 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 (₹955.1M).
Long Term Liabilities: NOVAAGRI's short term assets (₹2.7B) exceed its long term liabilities (₹93.7M).
Debt to Equity History and Analysis
Debt Level: NOVAAGRI has more cash than its total debt.
Reducing Debt: NOVAAGRI's debt to equity ratio has reduced from 133.2% to 31.7% over the past 5 years.
Debt Coverage: NOVAAGRI's debt is not well covered by operating cash flow (1.3%).
Interest Coverage: NOVAAGRI's interest payments on its debt are well covered by EBIT (5.1x coverage).